Silver Breaks Out Above $16 Resistance Level

GOLD

Gold continues to build its base between $1,400 and $1,438 per ounce. I still believe Gold will breakout above $1,438 by month end. At 11am PT today, Gold is trading at $1,430 per ounce, up $5 on active volume.

SILVER

Silver broke out above the key $16 resistance level this morning, nearing the 2019 high of $16.20 per ounce. As of today, this has been the best week for Silver investors in the past two years. The Silver-to-Gold ratio has dropped below 89-to-1. At 11am PT today, Silver is trading at $16.17 per ounce, up $0.22 on excellent volume.