Gold Moving Higher Over $2,700 Per Ounce

GOLD

After dropping from $2,790 to $2,537, Gold has made a U-turn. This week, Gold has been up all five trading days and rallied over $130 per ounce and demand was strong, fueled by the Russia and Ukraine conflict.

At 11am PT today, Gold is trading at $2,710 per ounce, up $36 on excellent volume.

SILVER

Silver has finally woken up and quickly moved back over the important $31 per ounce level. Silver trading in Asia this morning was very active as bidders got aggressive and volume trading was strong.

At 11am PT today, Silver is up $0.38 per ounce, trading at $31.25 on strong volume.