Physical Demand for Silver Coins And Bars Picks Up Globally

GOLD

Today, global equity markets surged for a third day as expectations of more central bank stimulus and media reports that suggest scientists are closing in on a vaccine for the deadly coronavirus. Gold tested the $1,550 support level again and found bargain buyers. At 11am PT today, Gold is up $6 per ounce, trading at $1,558 on increasing volume.

SILVER

Silver is holding above the $17.50 support level, reaching a high of $17.71 in early trading, before finding sellers. Physical demand for silver investment products (coins and bars) has been picking up around the globe at the current attractive price. At 11am PT today, Silver is trading at $17.64 per ounce, up $0.03 on normal volume.