Silver Explodes Above Key $19 Level

GOLD

While the U.S. Dollar index is staying around a record high of 99, the 10-year treasury has dropped below an unbelievable 1.44%. That news combined with the new Chinese trade tariffs coming on line today has pushed the DJ Averages down over 300 points, while the Gold price briefly broke above the key $1,550 per ounce resistance level. At 11am PT today, Gold is trading at $1,546, up $26 on excellent volume.

SILVER

Silver exploded above the key $19 level this morning on strong demand. The bulls are in charge of the Silver market with most professional traders buying on dips and selling into major rallies. At 11am PT today, Silver is up a whopping $0.95 per ounce (5.2%), trading at $19.15 on excellent volume.