Silver Demand Grows Along With Gold Prices

GOLD

Gold is trading today near the psychological important $2000 per ounce level, as the dollar firmed. Gold is up for the week following comments from Federal Reserve Chairman Jerome Powell on Wednesday, indicating that the central bank might pause interest rate increases after recent bank collapses. At 11am PT today, Gold is trading at $1983, down $13.

SILVER

Silver has moved firmly above the $23 resistance/support level on excellent buying. Demand continues to grow for many of the popular Silver investment coins and premium are moving higher. At 11am PT today, Silver is up $0.11 per ounce, trading at $23.24 on strong volume.