Physical demand for Gold is picking up

GOLD

The Gold rally continues as the U.S. Dollar Index drops below 93.00, hitting a new 2017 low. Physical demand for Gold investment products is picking up around the globe. Gold is approaching the next short-term resistance level of $1,280 per ounce. At 11am PDT today, Gold is trading at $1,273 per ounce, up $5 on average volume.

SILVER

Silver is moving higher today with Gold, hitting a high of $16.89 before sellers appeared. When Gold breaks above $1,280 level, Silver needs to move above $17 per ounce to stay short-term bullish. At 11am PDT today, Silver is up $0.05 per ounce, trading at $16.73 on normal volume.