Demand Grows For Physical Investment Items And Future Contracts

GOLD

Gold briefly hit a high today of $1,904 in European trading. Demand continues to grow for popular physical investment items and future contracts. We are about $20 away from reaching an all-time high for Gold and could hit it next week, as concerns about the trillions of dollars in COVID-19 aid and the effects of the pandemic are driving buying. At 11am PT today, Gold is trading at $1,897 per ounce, up $11 on excellent volume.

SILVER

Silver traded between $22.50 and $23 for the most part of the trading day. It is very healthy of the Silver market price to consolidate its recent gains before continuing to move higher. When Gold breaks and closes above $1,900, Silver should continue its rally. At 11am PT today, Silver is up $0.19 per ounce, trading at $22.69 on good volume.