Silver Firms Up And Trades Near Key

GOLD

With more COVID lockdowns happening in Europe the value of our dollar continues to rise, with the U.S. Dollar Index hitting 94.75 this morning. This news, along with the 2020 August U.S. Durable goods report showing an increase of 0.4% (far lower than expectations), is negative for the Gold price. At 11 am PT today, Gold is trading at $1,865 per ounce, down $8 on normal volume.

SILVER

Silver traded last night in Asia and Europe between $22.42 and $23.41 per ounce, about a $1 high/low range. As trading rolled into the U.S., Silver firmed up and traded just above and below the key $23 per ounce level. At 11 am PT today, Silver is down $0.10 per ounce, trading at $23 on average volume.