Silver Is Happy Awaiting A Gold Breakout

GOLD

A higher U.S. Dollar Index and no agreement on a COVID-19 aid stimulus package aren’t helpful to Gold’s value. Gold tested the $1,900 support level this morning, reaching a low of $1,893 before finding bargain buying. At 11 am PT today, Gold is trading at $1,904 per ounce, down $20 on normal volume.

SILVER

The Silver price moved lower this morning with Gold, reaching a low of $24.31 per ounce. Right now, it appears Silver is happy staying in the $24.50 to $25 trading area, awaiting a Gold breakout. At 11 am PT today, Silver is down $0.40 per ounce, trading at $24.68 on average volume.