Silver Price Rallies With Gold

GOLD

This morning the Biden administration is proposing its $1.9 trillion COVID-19 relief legislation and the Gold price reached a high of $1,868 per ounce. However, Republicans appear to be pushing back on the COVID-19 relief legislation and Gold quickly sold off, back to the $1,850 support level. At 11 am PT today, Gold is trading at $1,856 per ounce, up $1 on average volume.

SILVER

The Silver price rallied with Gold, reaching a high of $25.83 before seeing selling that took it back to $25.20. The $25.50 level is a key support level at this time, with $26 resistance, as we wait on the stimulus legislation. At 11 am PT today, Silver is down $0.10 per ounce, trading at $25.42 on normal volume.