Silver Moves Back Above The $17 Level

GOLD

Gold rallied back above $1,475 this morning on a report from CNBC that a Chinese government source stated that they are very pessimistic about a trade deal happening. They stated that President Donald Trump is now expressing reluctance to roll back tariffs, which China had believed the two countries had agreed to. Gold is now back on track to the key $1,500 resistance level. At 11am PT today, Gold is trading at $1,472 per ounce, up $3 on excellent volume.

SILVER

Silver moved back above the key $17 level this morning as Gold rallied above the $1,470 level. Physical demand for Silver investment products continues to increase everywhere except the U.S. markets. At 11am PT today, Silver is up $0.05 per ounce, trading at $17.05 on good volume.