Gold & Silver Moving Higher On Strong Demand

GOLD

This morning there was sizeable buying of Gold on the opening of trading in London (Central Banks), which drove the price up to a high of $4,085 per ounce. With Yemen's Iran-aligned Houthis threatening to impose a naval blockade on Saudi Arabia in the Red Sea, this war could expand.

At 11am PT today, Gold is trading at $4,065.50 per ounce, up $58.50 on excellent volume.

SILVER

Silver found fresh buying in all the overseas bullion markets last night. Silver reached a high of $59.37 in London before seeing some light short-term profit taking.

At 11am PT today, Silver is up $2.02 per ounce, at $58.77 on fresh buying.