Silver Shows Substantially Higher New And Bargain Buying Then Gold

GOLD

Today, we saw a weaker U.S. Dollar Index paired with a stronger Gold price. The U.S. Dollar Index broke below the 94 level and Gold is on its way to $1,900 per ounce. When Gold breaks above the $1,900 level and stays for a couple of trading days, I can safely say this correction in the Gold market is over. Some precious metal analysts are wondering if tonight’s Presidential debate will have any effect on the precious metal prices in overnight trading. At 11 am PT Today, Gold is trading at $1,896 per ounce, up $18 (1%) on excellent volume.

SILVER

Silver is looking great, after finding support this morning above $23.50, Silver went on a rally, quickly moving above $24 on excellent volume. Silver is showing substantially higher new and bargain buying then Gold. At 11 am PT today, Silver is up $0.84 per ounce, trading at $24.32 on excellent volume.