Rising Tensions Push Gold Rally & Silver Explodes Higher

GOLD

Rising tensions in the middle east between Iran, Saudi Arabia and the U.S. have caused Gold to jump $10 per ounce. The U.S. announcing over the weekend that it would send troops to Saudi Arabia following the drone attacks, and the Iranian president warning on Sunday that foreign forces are threatening the security of the region, continue to increase demand for safe haven investments, particularly Gold. At 11am PT Today, Gold is trading at $1,523, up $15 on excellent volume.

SILVER

The Silver price exploded higher in Asian and European trading overnight. The buying continued when the U.S. markets opens (over $0.70 per ounce) on excellent trading volume. This increasing volatility in the Silver market caused Silver to reach $19.40 earlier this month, and it wouldn’t be surprising to see it do so again. At 11am PT today, Silver is up $0.74 per ounce (4.1%), trading at $18.60 on excellent volume.