Silver Appearing Bullish Today

Silver Appearing Bullish Today

GOLD

A drop off in weekly U.S. jobless claims of only 3.1 million, and a selloff in the U.S. Dollar Index, fueled a rally in precious metals this morning. After reaching an overnight low of $1,680 per ounce, Gold has rallied back over $40 per ounce. At 11am PT today, Gold is trading at $1,727 per ounce, up $31 on good volume.

SILVER

Silver reached at low of $14.90, and rallied back over $0.50 on excellent demand. Silver had a stronger bullish look today than Gold. At 11am PT today, Silver is up $0.48 an ounce, trading at $15.48 on excellent volume.

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