Silver Moving Higher On Tariff Inflationary Fears

GOLD

Last night Trump announced new tariffs scheduled for April 2nd, and that news has moved the markets today. This is causing more economic uncertainty around the globe which is driving the U.S. Dollar lower (Under 105) while fueling more demand for Gold. Gold reached a high of $2,930 per ounce this morning before seeing some light profit-taking.

This tariff war, which will expand on April 2nd, is going to result in loss of trust with all our major trading partners.

11am PT today, Gold is trading at $2,920 per ounce, up $12 on excellent demand.

SILVER

Silver lead Gold higher in overnight trading, breaking back above the key $32 per ounce resistance level and hitting a high of $32.67 before seeing some short-term profit-taking.

At 11am PT today, Silver is up $0.78 per ounce, at $32.60 per ounce on excellent volume.