Positive Coronavirus Vaccine News Helps Stock Markets And Silver Price

GOLD

Gold tested the $1,800 support level in Asian trading, reaching $1,801 per ounce. Demand continues to be strong around the globe and Gold quickly moved higher. Gold reached $1,815 per ounce on worsening pandemic news and tensions between the U.S. and China. At 11am PT today, Gold is trading at $1,812 per ounce, up $3 on good volume.

SILVER

Silver also test the $19 level and held, then rallied with Gold, reaching a high of $19.48 before seeing light selling. Positive news about a coronavirus vaccine has helped both the stock markets and the Silver price. At 11am PT today, Silver is up $0.17 per ounce, trading at $19.37 on good volume.