Gold Continues To Show Support Despite Negative Factors

GOLD

Today Gold's price continues to show support when it hit the $1900 level last night as London opened, which is good to see over the last couple of days. With disappointing March U.S. home sales, a war still going on in Ukraine, a decline in April’s consumer confidence, and hurt stock markets globally, it’s nice to see the continued support at the $1900 level. At 11am, Gold is $1904 up by $6 on good volume.

SILVER

As Silver drops below the $24 level, we see a lot of action going on with the metal among traders. With the huge shortage of Silver at many Mints and strong premiums for the coins it’s a question of when Silver will show this in the value as we may be seeing a lot of day traders driving down the price now to perhaps cover losses on other investments. At 11am, Silver is $23.58 down by $0.08 on very strong volume.