Gold & Silver Rally On Dollar Decilne

GOLD

This morning the U.S. Dollar had its biggest decline since early January. After the hotter than expected inflation data was released yesterday investors have seemed to shift focus and will be taking a better look into the U.S. PPI and Retail Sales. We are also expecting that the Fed meeting in June will bring disappointment by delaying interest cuts even further.
At 11am PT today, Gold is up $20 per ounce, trading at $2,178 on excellent volume.

SILVER

Silver also takes a hit following inflation reports yesterday. But today Silver seemed to rally, working its way closer to a $25 support level. Now we watch and wait for the Silver market to take that bullish turn and bring us to a $26 support.
At 11am PT today, Silver is trading at $25.06 per ounce, up $0.94 on strong volume.