Gold And Silver Moving Toward Key Resistance Levels

GOLD

With gold breaking above $3,400 on Monday and reaching a high of $3,441 on Tuesday, $3,500 is in Gold slights. Gold reached a high of $3,447 this morning before seeing selling in London and New York on news of Trump reaching a trade deal with Japan. Gold needs to stay above $3,400 for a few more days to consolidate its recent gains. The continued weak US Dollar (a 2-week low) should help Gold build a firm base above $3,400 per ounce.

At 11 am PT today, Gold is trading at $3393, down $36 from yesterday.

SILVER

Silver is showing more price support than Gold with a growing amount of demand. Silver reached a high of $39.58 per ounce in London this morning on fresh buying. This recent run in the Silver price has been nothing but sensational, with a 10% increase just in the month of July, and 36.4% in 2025. Like Gold after moving above $3,000, Silver is seeing a small drop in premiums on many of the popular Silver investment coins.

At 11 am PT today, Silver is trading at $39.24 today up by 0.05 from yesterday.