Precious Metals Are Facing More Price Pressure

GOLD

Again, we are seeing the U.S. Dollar Index, interest rates and the equity markets continue to move higher, putting price pressure on precious metals. Gold reached a low of $1,784 before finding serious buying and quickly rallied $5 per ounce. At 11am PT today, Gold is trading at $1,792 per ounce, down $5 on average volume.

SILVER

This morning Silver found fresh buying and reached a high of $22.84 before seeing selling. Our company is now able to lock-in 2022 mint allocations for many of the popular Silver investment products. These allocations are lower than 2021 levels and I expect premiums to remain strong considering the current demand. At 11am PT today, Silver is up $0.20 per ounce, trading at $22.62 on good volume.