Gold And Silver Prices Approaching New 2025 Highs

GOLD

The University of Michigan announced today that its Consumer Sentiment survey for August was 58.2, which was below the preliminary reading of 58.6 and also lower than July’s final reading of 61.7. This news combined with a weaker U.S. Dollar sent the gold price is $3,450 per ounce.

At 11am PT today, Gold is trading at $3,442 per ounce, up $30 on excellent volume, especially for a Friday.

SILVER

Silver led this morning rally on the Consumer Sentiment news and weaker Dollar. Silver briefly hit the magic $40 per ounce resistance level before seeing short-selling.

At 11am PT today, Silver is up $0.68 per ounce, trading at $39.76 on strong demand.