Gold & Silver Move Higher After Trump Takes Office

GOLD

Within 2 days of President Trump taking office, the Gold market has seen a high of $2,763 per ounce. There are worldwide concerns from the financial community and central banks over what President Trump is going to do. The U.S. Dollar Index has dropped from 110 to 107, and 10-Year Treasury bills have declined 25 base points. Gold demand is growing worldwide and breaking above the all-time high of $2,790 is looking highly probable.

At 11am PT Today, Gold is trading at $2757, up $12 from yesterday.

SILVER

With Gold aggressively moving higher, Silver is flirting with the $31 per ounce resistance level. Recently, Silver has not shown the strong demand needed to drive the price past $31 per ounce. With Gold above the $2,750 level, Silver is showing good demand around $30.80 per ounce.

At 11am PT today, Silver is up $0.06, trading at 30.90 today.