It seems when it rains it pours, as multiple variables collectively had a profound and bullish impact on market sentiment for both gold and silver. Gold futures gained over 1.5% in trading today, while silver gained almost 2.5%.

Both gold and silver are trading higher today, with both precious metals showing strong and respectable gains on the day. Silver is continuing its remarkable breakout gaining over 2% in trading today.

As you know, on any given day the price change in gold is the result of the combination of dollar strength or weakness and bullish or bearish market sentiment bidding the precious yellow metal higher or lower.