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Gold and Silver Price Update: June 21, 2019 ? Stocks & Gold Rally on Fed Dovishness

Check Silver Prices Here ⇒ https://www.moneymetals.com/precious-metals-charts/silver-price

Read the full Market Update Here ⇒ https://www.moneymetals.com/podcasts/2019/06/21/gold-rally-silver-prices-higher-001799

Listen on SoundCloud ⇒ https://soundcloud.com/moneymetals/gold-and-silver-price-update-june-21-2019

00:39 Gold Market
1:07 Silver Market

Well, what a week – big developments to report in politics, geopolitics, monetary policy, stocks, crude oil, and precious metals.

Let’s start with the gold market. On Thursday, gold prices surged $30, breaking through some major resistance levels and closing at a five-year high. The money metal ended up at $1,390 an ounce, just shy of the psychologically significant $1,400 level. It did cross over that during the Asian trading session last night and as of this Friday recording is back below it now to trade at $1,396 per ounce and is registering an impressive 4.0% gain this week.

Silver shows a weekly gain of 2.6% to bring spot prices to $15.32 an ounce. Silver has been following the lead of gold and has yet to show any real leadership of its own so far during this precious metals rally. Silver prices remain historically depressed versus gold, but that could change quickly.

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Sound Money Defense League News
Stefan Gleason is President of the Sound Money Defense League, a national grassroots lobbying organization working to restore gold & silver to their historical role as America's constitutional money. He also leads Money Metals Exchange, a national precious metals dealer with over 50,000 customers. Gleason has frequently appeared on national television networks such as CNN, FoxNews, & CNBC, & his writings have appeared in hundreds of publications such as the Wall Street Journal, TheStreet.com, Seeking Alpha, Detroit News, Washington Times, & National Review.
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