Gold & Silver Moving Higher On Excellent Demand

GOLD

With the Houthis attacking vessels in the Red Sea and the price of oil moving over $100 a barrel, this Iranian war is worsening. In the face of this escalation, Gold has shown excellent price support over the key $4,000 per ounce level. Gold appears to be showing excellent demand and should trade in the $4,000 to $4,200 range till month end.

At 11am PT today, Gold is up $21 per ounce, trading at $4,064 on average volume.

SILVER

Silver reached a high of $59.10 this morning in late London trading as demand picked up. As Silver trades between $55 and $60 per ounce, physical demand is picking up, and premiums on many of the popular investment bullion coins are moving higher.

At 11am PT today, Silver is up $1.00, trading at $58.67 per ounce on excellent volume.