Both Gold & Silver Building A Firm Base

GOLD

Today it was reported that the consumer price index increased 0.1% for May, half of what the Dow Jones forecasted. Gold rallied on that news of today’s low of $3,315 per ounce.

At 11am PT today, Gold is trading at $3,338 per ounce, up $13 on the day.

SILVER

Silver continues to show excellent support above the $36 per ounce level. Silver did test the $36 per ounce support level, reaching a low of $35.96 before seeing serious buying.

At 11am PT today, Silver is down $0.34 per ounce, trading at $36.15 on average volume.