Silver Hits Two Year High Of $18.46 Per Ounce

GOLD

Gold is trading near six-year high after dipping a bit due to a stronger dollar and some profit taking in early morning trading. Investors continued to seek a safe haven amid uncertainty over the U.S.-China trade war and fears of an economic recession. Gold did reach a high of $1,546, as it builds a base for the second attempt to break the $1,550 per ounce resistance level. At 11am PT today, Gold is unchanged at $1,542 per ounce on excellent trading volume.

SILVER

Silver reached a high of $18.46 per ounce (two year high) before seeing significant profit-taking a short selling. Speculation that the Federal Reserve will cut interest rates in September and negative bond yields have also helped interest in precious metals. At 11am PT today, Silver is trading at $18.38 per ounce, up $0.20 on excellent volume.