Silver Rallies Back With Gold On Nonfarm Jobless Rate News

GOLD

Today it was reported that the August nonfarm jobless rate dropped to 8.4% from 10.2% in July. This report was considered good as many economists had predicted a higher number, and the U.S. Dollar Index rallied. The price of Gold declined to $1,915 on the news but rallied back above $1,925 per ounce. At 11 am PT today, Gold is down $4 per ounce, trading at $1,927 on normal volume.

SILVER

The Silver price reached a low of $26.35 on the jobless news, but rallied back with Gold. Demand for popular physical Silver investment items is picking up as premiums have come back to reality. At 11 am PT today, Silver is trading at $26.65 per ounce, down $0.05 on good volume.