Silver Breaks Below $26 as US Dollar Index Remains Strong

GOLD

Gold opened about $5 lower this morning, over concerns of Turkey hiring its central bank governor over the weekend. The headlines resulted in 10-year Treasury yields remaining near the highest level in more than a year, plus the U.S. Dollar Index broke above 92. At 11am PT today, Gold is trading at $1744, up $1 per ounce.

SILVER

Silver followed Gold lower this morning, breaking below the key $26 per ounce level. Silver reached a low of $25.33 before seeing bargain buying, driving the price back up $0.20 per ounce. At 11am PT today, Silver is trading at $25.85, down $0.45 per ounce.