Gold trading in $13 high/low range

GOLD

Today, Gold had a $13 high/low range, from $1,331 to $1,344 per ounce. Gold traded on worldwide commodity markets and it was definitely active. I like the fact that Gold is showing strong support above $1,330 per ounce, as it consolidates in this price area. At 11am PST today, Gold is up $2 per ounce, trading at $1,340 on excellent volume.

SILVER

Its frustrating to say, Silver tested the $17 per ounce support level again. Silver reached a low of $17 this morning, before rallying back to above $17.10. At 11am PST today, Silver is trading at $17.17 per ounce, down $0.05 on good volume.