Indicators Show 2020 Should Be A Good Year For Silver Investors

Gold

It appears that Gold is in a consolidation phase trading in the $1,550 to $1,560 range. It is important that after last week’s unbelievable price volatility that Gold spend some time building a base ahead of the next leg higher. This morning’s trading is influenced by investors awaiting Wednesday’s signing of the phase-one Chinese trade deal. At 11am PT today, Gold is trading at $1,549 per ounce, down $9 on average volume.

Silver

Silver has traded above and below the key $18 per ounce level this morning. Indicators show that 2020 should be a good year for Silver investors, however I’m predicting a rocky start. There are a couple articles provided in the News Articles section that will explain my comment. At 11am PT today, Silver is down $0.09 per ounce, trading at $17.99 on normal volume.