Gold reacts to the release of the PCE inflation index with a $10 decline. As of 4:25 PM EST gold futures basis the most active June contract is currently off by 0.41% and fixed at $1986.90. Silver continues to differentiate itself from daily moves in gold moving higher today in unison with a stronger US equities market. The most active May 2023 futures contract is currently up 21.6 cents or 0.90% and fixed at $24.205.
Silver futures traded to a monthly low just below $20 and a high of $24.31 . Silver opened at $21.07 and is currently trading just off the high at $24.20 gaining $3.13 this month.
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