Gold is trading in a tight range

GOLD

Gold is trading in a very nice tight $10 High/Low range, from $1,321 to $1,331 per ounce. After last week’s volatility, its very healthy for the Gold price to consolidate before breaking out into the $1,330 to 1350 per ounce level. At 11am PST today, Gold is trading at $1,327 per ounce, up $3 on good volume.

SILVER

Silver is also showing excellent price support above the $16.50 per ounce level. I would like to see Silver test the $17 level soon, to keep the momentum strong. At 11am PST today, Silver is up $0.04 per ounce, trading at $16.58 on excellent volume.