Gold Rally Helps Silver Reach A High

GOLD

The U.S. dollar got hammered this morning, reaching almost a 3-year low of 89.53 on the U.S. Dollar Index. As the dollar drops, Gold valued in dollars goes up. Gold rallied to $1,892 on fresh year-end safe-haven buying. I’m looking forward to January 2021, as the Gold price has been higher during the last nine Januarys. At 11 am PT today, Gold is trading at $1,890 per ounce, up $13 on normal volume.

SILVER

The Gold rally helped Silver reach a high of $26.58 in early trading. Demand for many of the popular physical Silver investment products remains strong. At 11 am PT today, Silver is up $0.35 per ounce, trading at $26.47 on average volume.