Gold & Silver Rally After Interest Rates Drop

GOLD

Today, we saw a nice drop in U.S. interest rates and a sell-off in the U.S. Dollar, causing a sharp rally in the Gold and Silver price. Gold has hit a high of $1,780 on increased demand. At 11am PT today, Gold is trading at $1,779 per ounce, up $27 on excellent volume.

SILVER

As the price of Gold rallied today, Silver followed it higher, reaching a high of $23.90 before seeing some light short-term profit taking. We made a special offer today for our clients on the Type 2 Silver 1oz Eagles in original monster boxes. At 11am PT today, Silver is up $0.52 per ounce, trading at $23.72 on excellent volume.