Silver Reacting To The Chinese Tension

GOLD

Over the weekend, China delivered a blistering rebuke of a U.S. defense bill that demonstrates support for Taiwan and democracy protestors in Hong Kong. Both Gold and Silver have reacted positively to this rebuke, as it could affect the potential trade agreement between the U.S. and China. At 11am PT today, Gold is up $7 per ounce, trading at $1,485 on average volume.

SILVER

The initial Silver price reacting to the Chinese tension was stronger than Gold, up $0.24 per ounce. Silver reached six-week highs this morning on excellent volume. The next key resistance level is $17.50 per ounce. At 11am PT today, Silver is trading at $17.42, up $0.24 on excellent volume.