Precious Metals Markets Thrive As Trade War Continues

GOLD

Gold is trading above and below the important $1,500 per ounce level. After breaking above $1,500 yesterday, Gold reached a low of $1,492 on profit taking before finding fresh buyers. As the trade war between the U.S. and China escalates, it can only provide more support for the precious metal markets. At 11am today, Gold is trading at $1,502 per ounce, unchanged from yesterday on excellent volume.

SILVER

After breaking the important $17 resistance level yesterday, Silver reached a low of $16.81 this morning. At that point demand picked up and Silver rallied back above the $17 level. Right now Silver is trading above and below that important $17 level. At 11am today, Silver is down $0.15 per ounce, trading at $16.98 on excellent volume.

RARE COINS

With the soaring Gold and Silver metal price, get ready for a numismatic explosion. Historically, rare coins rally after a major move in the bullion. With a largest rare coin convention of the year scheduled for next week, I look for a start of a numismatic price explosion in high grade U.S. Gold and Silver rarities.