Silver Headed Towards A Short-Term Bullish Track

GOLD

Gold dropped slightly this morning when we saw a rally in the Dollar Index, and still no news from Congress on any multitrillion-dollar COVID-19 aid stimulus legislation. For most of today’s U.S. trading, the Gold price has ranged from $1,920 to $1,929 per ounce. At 11 am PT Today, Gold is trading at $1,924 per ounce, up $1 on normal volume.

SILVER

Silver reached high of $25.63 per ounce during Asian trading before seeing short-term profit-taking. As Gold sold off earlier today, Silver moved towards the important $25 per ounce support level. To see Silver close above $25 today will be short-term bullish. At 11 am PT today, Silver is up $0.10 per ounce, trading at $25.05 on average volume.