Demand for physical precious metal investments grows
The worsening geopolitical situation continues to strengthen global demand for physical precious metal investment products. Demand for Gold & Silver bars and coins continues to grow primarily in Asian, Middle Eastern and European markets. At 11am PDT today, Gold is trading at $1,344 per ounce, up $4 on good volume.
Silver is showing a stronger price increase than Gold, hitting a high of $16.74 in early trading. Yesterday’s announcement from the Silver Institute about the decline in Silver production for the fifth straight year has helped increase demand. At 11am PDT today, Silver is up $0.12 per ounce, trading at $16.64 on excellent volume.