U.S. Dollar Index Puts Precious Metals On The Defense

GOLD

As the U.S. Dollar Index approaches 98 (Recent high) all precious metals are on the defensive. Gold reached a low of $1,274 per ounce before finding major support. At 11am PT today, Gold is trading at $1,277 per ounce, down $10 on average volume.

SILVER

Silver reached a low of $14.29 per ounce this morning, a new 2019 low. As Silver continues to drop at a greater percentage than Gold, the Silver-to-Gold ratio is approaching 90-to-1, an amazing number. At 11am PT today, Silver is down $0.14 per ounce, trading at $14.41 on normal volume.