Category: Gold / Silver

The US dollar has continued its moved to the downside in trading today, and gold and silver are certainly reacting.

The price of gold traded to a another new all time high price of $2048.18. The current price is trading at $2046 up 1.32% or $26.25.

Meanwhile the price of silver is currently up over $1 or 4.02% at $27.05. It’s high price reached $27.12 so far today.

The price of silver is trading up around $1.16 or 5.42% at $22.46. That is off the days high of $23.02. At the high the price was testing the November 1, 2013 high price of $23.08 (see weekly chart below). Since the week of June 19. The price of silver has moved from a low of $16.95 to the high today of $23.08.  That equates to a 35.8% gain. For the year the price has moved up from the closing level of $17.85. The year to date gain. The gain to the high today is equal to 29.2%.

Drilling to the hourly chart, the last 4 days has seen the price move up 21.7% from the low to high with the last 2 days really extending quickly to the upside. However with the high price testing that 2013 swing high, there may be some rotation back to the downside as traders ring the cash register.