Gold Moving To New Highs – Silver Hits New 2025 High

GOLD

The Gold price continues to move higher, fueled by all the news coming out of Washington D.C. With the firing and resignations of important Federal employees, the dismantling of Federal agencies and programs, or the possibility of a U.S. tariff on Gold (see JP Morgan article), the concerns about uncertainty is growing at an extraordinary pace. The news coverage of these events is causing increased demand for Gold worldwide. Gold came close to the recent all-time high of $2,945 today, reaching a high of $2,938 before seeing light selling.

At 11am PT today, Gold is trading at $2885, down $39 from yesterday.

SILVER

Silver came to life in Asia during early morning trading, breaking above the $33 per ounce resistance level. This move could be the breakout I have been expecting since Gold move above $2,800 per ounce. I believe $35 is a strong short-term target for the Silver price.

At 11am PT today, Silver is trading at $32.37, up $0.08 from Thursday.