The high/low trading range for Gold was only $7 today, with a high of $1,284 and a low of $1,277 per ounce. Gold consolidating recent gains in the $1,280 per ounce level is very bullish for the short and long term. At 11am PDT today, Gold is trading at $1,280 per ounce, down $2 with active volume.
This morning Silver traded above $18 per ounce oversees, but sold off when it hit the U.S. markets, reaching a low of $17.87 per ounce in New York trading. It appears that the key $18 support level needed another test before we can head to the $19 per ounce level. At 11am PDT today, Silver is trading at $18.02 per ounce, down $0.15 per ounce on increased volume.