Inflation Concerns Fire Up Over Oil Price Increase

Inflation Concerns Fire Up Over Oil Price Increase

GOLD

Inflation concerns fired up this morning as the Oil price increased 3%. This is the highest price for Oil since November of last year. At 11am PT today, Gold is trading at $1,276, up $1 on normal volume.

SILVER

Based on the potentially inflationary news, Silver reached a high of $15.12 per ounce this morning. Then, Silver sold off and reached the $15 per ounce support level. At 11am PT today, Silver is up $0.02 per ounce on average volume.

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