Gold has traded today above and below the $1,250 per ounce level, hitting a low of $1,244 and a high of $1,254. On a short-term basis, it’s important that Gold stay above $1,250 for four or five trading days to continue the bullish direction. At 11am PDT today, Gold is trading at $1,246 per ounce, down $7.50 on good volume.
The Silver price is holding up better than Gold, staying firmly above the key $18 per ounce support level. Silver did test the $18 level earlier today, hitting $18.04, but quickly rallied $0.10 per ounce. At 11am PDT today, Silver is down $0.03 per ounce, trading at $18.17 on excellent volume.