Silver Treads Water Waiting On Gold

GOLD

A major buyer came into the Gold market in Asia this morning, driving the price up to $1,423 per ounce. At that level sellers appeared and drove Gold down $10 per ounce. We expect to hear news from the G-20 meetings on the Chinese trade war issue very soon. At 11am PT today, Gold is trading at $1,410 per ounce, up $2 on normal volume.

SILVER

Silver is treading water between $15.20 and $15.30 an ounce waiting some price direction from the Gold market. Any weakness in the Gold market could cause Silver to test its $15 per ounce support level. At 11am PT today, Silver is trading at $15.30 per ounce, up $0.06 on average volume.