Silver Moving Higher On U.S. Inflation Concerns

Silver Moving Higher On U.S. Inflation Concerns

GOLD

With the status of the Iran war still up in the air, Gold is finding price support during U.S. trading.
Gold sold off in London, reaching a low of $4,559, but rallied back in U.S. trading, reaching a high of $4,661 before seeing light selling.
A weaker U.S. Dollar (under 98) helps fuel the demand for Gold.

At 11 am PT today, Gold is up $13 per ounce, trading at $4,630 on average volume.

SILVER

Silver reached a high today of $77.08 per ounce during US trading before seeing short-term profit taking.
Silver demand is picking up due to U.S. inflation concerns.

At 11 am PT today, Silver is trading at $76.05 per ounce, up $2.35 on excellent volume.

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