Gold And Silver Prices At An Attractive Level

GOLD

In overnight trading, both the British and Swiss Central banks increased their interest rates, which drove precious metal prices lower. Gold reached a low of $1,911 before seeing serious central bank buying (Poland/Hungary). $1,900 is a major support level for Gold. At 11am PT today, Gold is trading at $1,916 per ounce, down $19 on active volume.

SILVER

Silver was affected by interest rate increase in Europe and reached a low of $22.27 before seeing bargain buying. June 2023 was not a good month for precious metal owners, but it does represent a great opportunity to add additional metals at an extraordinarily low price. At 11am PT today, Silver is down $0.26 per ounce, trading at $22.52 on strong volume.