Silver Is Rallying With Gold

GOLD

The U.S. Dollar is staying under 90, 10-Year Interest rates are below 1.6%, Bitcoin is under $40,000 and Gold is moving higher. Gold hit some resistance this morning, as it reached the key $1,900 per ounce level. I like what I’m seeing in terms of trading volume and professional demand. At 11am PT today, Gold is trading at $1,897 per ounce, up $14 on good volume.

SILVER

Silver is rallying with Gold, trading above the key $28 resistance level. When Gold firmly breaks the $1,900 level, I would expect to see Silver firmly breakthrough the $28 level on the way to $28.50. At 11am PT today, Silver is up $0.20, trading at $27.97 per ounce on excellent volume.