US Dollar Index Reaches New 2021 High

GOLD

The U.S. Dollar Index reached a 2021 high this morning of 92.30, which caused a sell-off in the Gold price. The Gold price reached a low of $1,724 per ounce before finding support with excellent demand. Some economists believe the index could reach 93 before it breaks down below 90. At 11am PT today, Gold is trading at $1,727 per ounce, down $17 per ounce on strong volume.

SILVER

Silver has dropped over $1 since last Friday, and is currently an extraordinary value at $25.20 per ounce. A few market analysts believe that we will not see serious inflation until the jobless rate falls below 3.5%, and that could not be until 2022. However, demand for the many popular physical Silver products continue to increase. At 11am PT today, Silver is down $0.65 per ounce, trading at $25.20 on excellent volume.