Gold Trading Surprisingly High While Silver Struggles

GOLD

In the face of a strong U.S. Dollar Index and higher interest rates, Gold is surprisingly trading higher today. I believe the primary reason is a step up in the central banks Gold demand and the dovish stance from Wednesday's Federal Reserve statements. At 11am PT today, Gold is trading at $1,314, up $6 on normal volume.

SILVER

Unlike Gold, Silver is having a value problem, not being able to stay above the key $15.50 level. Silver has traded at a low of $15.32 earlier today on light demand. At 11am PT today, Silver is down $0.05, trading at $15.46 on average volume.