Can Silver Hold For A Week to Confirm Bullish Trend?

Gold

Gold found support this morning in Europe and continued to rally when the markets rolled into the U.S.; Gold is finding increasing demand from the world’s central banks. January's central bank purchase will be returned in mid-February and that should be a nice increase over 2019. At 11am PT today, Gold is trading at $1,560 per ounce, up $10 on average volume.

Silver

Following Gold’s lead, Silver moved back above the key $18 resistance/support level this morning on fair trading volume. Silver needs to stay above that $18 level for a minimum of a week to confirm the short-term bullish trend. At 11am PT today, Silver is up $0.14 per ounce, trading at $18.07 on fair volume.