Silver Leads The Way

GOLD

Gold rallied this morning, as Silver led the way. Gold reached a high of $1,871 before seeing selling. The frenzy in the Silver market is indirectly impacting the Gold market without the crazy volatility. At 11 am PT today, Gold is trading up $10 per ounce, at $1,861 on good volume.

SILVER

It's been a crazy day for the Silver markets, reaching a high of $30.32 per ounce before seeing profit-taking. The demand came from the Reddit investors on the open as trading volume skyrocketed. Silver has spent most of the trading day around $29.30 per ounce as it builds a base for another attempt to break the key resistance level of $30 per ounce. The interesting issue is supplies of the popular Silver investment items. As most major sellers are out of stock, the premiums have soared, with no new products on the horizon, as most world mints have no Silver products available. At 11 am PT today, Silver is trading at $28.90 per ounce, up $1.90 on extraordinary volume.