Oil Helps Gold While Silver Investment Products Demand Is Strong

Oil Helps Gold While Silver Investment Products Demand Is Strong

GOLD

Demand continues to grow for Gold, as it reaches a high of $1,755 this morning. After an historic collapse in crude oil prices earlier this week, oil bounced back today, helping Gold demand. At 11am PT today, Gold is up $16 per ounce, trading at $1,736 on good volume.

SILVER

Silver reached a high this morning of $15.66 before seeing short-term profit taking. Demand for popular physical Silver investment products (i.e. Silver Eagles & Maple Leafs) is still strong. At 11am PT today, Silver is trading at $15.30 per ounce, up $0.10 on excellent volume.

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