Precious Metals Trade On Heavy Volume

GOLD

A combination of a higher U.S. Dollar Index (over 91.50) and a spike up in the 10-Year Treasury rate has caused Gold to break the $1,800 per ounce support level. Precious metal traders are still waiting for news from Congress on a massive COVID-19 stimulus package. At 11 am PT today, Gold is trading at $1,793, down $37 on heavy volume.

SILVER

Silver briefly broke down below the important resistance level of $26 per ounce. However, for most of the trading day Silver has stayed above $26 on very active trading. At 11 am PT today, Silver is down $0.35 per ounce, trading at $26.30 on heavy volume.