Silver Sees Sizeable Buying

GOLD

The 10-Year Treasury interest rates hit a 2-year high today of 1.60%, which caused the U.S. Dollar Index to rally and Gold to break the support level. Gold broke below the key $1,750 level and continued lower, reaching a low of $1,716 per ounce, before finding buyers. At 11 am PT today, Gold is trading at $1,731 per ounce, down $45 on heavy trading volume.

SILVER

When the Silver price moved below the key $27 per ounce support level it continued lower, reaching $26.09 before seeing massive bargain buying. With Silver at this low price, we are seeing sizeable buying, and premiums on the popular physical investment products have increased. At 11 am PT today, Silver is down $1.00, trading at $26.55 on heavy volume.