August 30, 2021

Gold and silver pulled back from last week’s highs but are still trading well above their August lows.  Gold is currently trading at $1,811.00,  while silver is hovering just under $24.00, down about 0.5% today.  For the month, gold is trading almost exactly where it began while silver is down nearly 6%, even after last week’s surge.  Stocks continue to extend gains as the S&P 500 and the Nasdaq are on pace for another record close after Jerome Powell’s comments on the nature of upcoming Fed tapering,  seemed to have appeased markets for now.