Up, Up & Away: Silver Price Breaks $18 Per Ounce

GOLD

With interest rates and equities moving lower, Gold continues to head higher, moving up $12 per ounce on solid trading volume. The 10-Year Treasury is now under 1.50%, and the trade war with China isn’t looking good. I just posted a very informative article by Bank of America, recommending Gold and discussing central banks and the falling interest rates. At 11am PT today, Gold is trading at $1,542, up $13 per ounce on excellent volume.

SILVER

Up, up and away, Silver has broken above the $18 level this morning with excellent volume and volatility. A short pause, allowing Silver to consolidate recent gains would be great, but from where? $19? At 11am PT today, Silver is up $0.50 per ounce, trading at $18.18 on excellent volume.