Gold and Silver Move After Drop in December 2022 Wholesale Prices

GOLD

December 2022 wholesale prices dropped sharply, energizing the belief that inflation is starting to ease. That news helped Gold rallied back above the key $1,900 level in early U.S. trading, Gold had reached a low of $1,896 during Asian and early European trading. At 11am PT today, Gold is unchanged at $1,906 per ounce on average volume.

SILVER

Silver had a wide trading range today, between $23.39 and $24.43 as the Silver market looks for direction. After a 25% increase from November 2022, Silver is trying to build a firm base above $24. At 11am PT today, Silver is down $0.30 per ounce, trading at $23.65 on high volume.