Gold & Silver Make New Highs And See Profit-Taking

GOLD

Watching precious metal trading in Asia and Europe last night and this morning was very interesting. How they were going to react to Friday’s record price increase in Gold and Silver, plus Iran’s drone and missile attack on Israel could result in an exciting market. Gold opened in Asia last night at $2,363 per ounce, up $19 per ounce, by the time trading reached Europe it dropped to $2,323 per ounce. As the Gold market rolled into the U.S., buyers appeared and the price move above $2,350 per ounce.

At 11am PT today, Gold is trading at $2,365, up $10 per ounce on normal volume.

SILVER

Silver pretty much followed Gold’s direction on overseas and U.S. precious metal markets. Silver reached a high of $28.86, then tested the $28 per ounce support/resistance level. Silver reached a low of $28.06 in Europe and rallied back above $28.50 in U.S. trading.

At 11am PT today, Silver is up $0.63 per ounce, trading at $28.70 on strong volume.