Silver Demand For Popular Investment Products Increasing
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GOLD
Gold has traded today between $1,870 to $1,885 per ounce, as it continues to consolidate recent gains. The U.S. Dollar Index is helping the Gold price, as it remains below 90, while interest rates stay around 1.65% for the 10-Year Treasuries. With Bitcoin moving below $40,000, I’m also seeing additional demand for the popular Gold bullion plus coins. At 11am PT today, Gold is trading at $1,881 per ounce, up $1 on normal volume.
SILVER
Silver has been trading above and below the key $28 per ounce level, awaiting direction from Gold. As I predicted, with the recent increase in Silver, the demand for the popular Silver investment products is increasing. At 11am PT today, Silver is trading at $27.95 per ounce, up $0.03 per ounce on average volume.