Both Gold & Silver Showing Good Price Support

GOLD

Gold continues to build that firm base above $3,300 per ounce. Gold traded today between $3,300 and $3,350, with great support at $3,300 and some resistance at the $3,350 level. I expected to see this through early June and now expect to see a move above $3,350 later this month.

At 11am PT today, Gold is trading at $3,325 per ounce, up $2 with average trading volume.

SILVER

Silver traded between $36.24 and $36.86 today. Silver is showing excellent support over the $36 level, considering the recent rally from the mid-$34 level. I expect to see a few tests of the key $36 per ounce price level.

At 11am PT today, Silver is up $0.47 per ounce, trading at $36.49 on active volume.