Gold And Silver Skyrocket Higher

GOLD

With the presidential election yet to be called and Biden having an excellent chance, the markets are reacting. The U.S. dollar dropped sharply (under 93) and Gold and Silver skyrocketed higher. Gold reached a high of $1,953 per ounce on sizeable fresh buying before settling back. At 11 am PT today, Gold is up $35 per ounce, trading at $1,947 on excellent volume.

SILVER

Silver moved higher with Gold, reaching a high of $25.27 per ounce, before seeing some light short-term profit-taking. If Silver can stay above $25, it would be very bullish and give the year-end rally an excellent base to move much higher. At 11 am PT today, Silver is trading at $25.05, up $0.77 per ounce on excellent volume.