U.S. Dollar continues to decline and Gold holds

GOLD

The U.S. Dollar continues to decline. The Dollar index reached a low of 88.25, a 3-year low. Gold is holding above the important 2017/18 high and breakout level of $1,357 per ounce. If Gold closes above that level today and tomorrow, Monday could be a very exciting day for Gold owners. At 11am PST today, Gold is up $4 per ounce, trading at $1,361 on excellent volume.

SILVER

Silver reached a high today of $17.73 per ounce, the highest price since Sept 2017. Silver is finding support above $17.50 per ounce, but any weakness in the Gold price could results in Silver testing the $17 per ounce support level. And on the other side of the coin, if Gold moves above $1,380, we should see Silver quickly jump past $18. At 11am PST today, Silver is trading at $17.57, up $0.07 per ounce on normal volume.