Number of European Covid-19 Cases Slowing

GOLD
On news out of Europe that the number of Covid-19 cases and deaths appear to be slowing, our equity and precious
metal markets opened higher. On heavy demand, Gold reached a high of $1,685 in U.S. Markets before seeing some short-term profit taking. At 11am PT today, Gold is trading at $1,672 per ounce, up $40 on excellent volume.

SILVER
Silver exploded out of the box this morning, trading above $15 per ounce on fresh demand. The $15 per ounce resistance/support level is very important to the short-term direction of the Silver price. At 11am PT today, Silver is up $0.56 per ounce, trading at $15.06 on excellent volume.