Gold And Silver Trading In A Narrow Price Range

GOLD

The U.S. Dollar Index has rallied over 3% in the past few weeks, putting pressure of the price of Gold, as seen in Dollars. This combined with U.S. interest rates trading at a yearly high is keeping Gold from moving above $2,000 per ounce. Gold has traded between $1,912 and $1,921 per ounce today, as it continues to build a strong base for the next rally higher. At 11am PT today, Gold is down $2 per ounce, trading at $1,914 on average volume.

SILVER

Demand for Silver remains strong as it traded between $22.50 and $23 per ounce today. The Silver-to-Gold ratio has moved above 84-to-1, an incredible opportunity for precious metal investors. At 11am PT today, Silver is trading at $22.66 per ounce, down $0.10 on strong volume.