The Bargain Buyers Are Coming Back Into Gold

GOLD

The bargain buyers are coming back today, based on fears that COVID isn’t going away and the world’s leading economies aren’t recovering anytime soon. Gold moved back above the key $1,750 support level today, which is very bullish for trader’s confidence in the metal. At 11am PT today, Gold is up $21 per ounce, trading at $1,753 on excellent volume.

SILVER

Silver, at a bargain price, isn’t showing the same futures demand as Gold. But, physical demand continues to grow because the lower Silver price and a break in the premiums on many of the popular Silver investment products. At 11am PT today, Silver is trading at $23.60 per ounce, up $0.19 on excellent volume.