Gold Firms Up And Demand For Silver Investment Items Is Strong

GOLD

Gold is firming up with a new trading range between $1,870 and $1,900 per ounce today. On Tuesday, when Gold broke back above $1,850, I was hoping to see it stay above that level by the weekend... well I got more then I asked for. If we get a stimulus bill and the Dollar Index stays below 90, we could easily break above $1,900 next week. At 11 am PT today, Gold is trading at $1,882 per ounce, down $3 on average volume.

SILVER

Silver reached a high of $26.17 in early European and U.S. trading. For most of the day, Silver has been trading above and below the $26 level, as it consolidates its recent gains. Demand for Silver’s popular physical investment items remains strong, as the mint prepares for the 2021 mintage. At 11 am PT today, Silver is down $0.10 per ounce, trading at $25.85 on normal volume.