Gold is settling into a nice range<br>Daily Market Report 5/19/17

GOLD

After an exciting week for Gold owners, with a $35 rally, Gold is settling into a nice trading range. Gold is showing excellent support above the key $1,250 resistance/support level. I think we are now back on course to hit $1,300 soon. At 11am PDT today, Gold is trading a $1,254 per ounce, up $3 on average volume.

SILVER

After hitting a high of $17.03 on Wednesday, Silver has settled back, trading between $16.50 and $16.90 per ounce. Today’s trading showed excellent demand above the $16.70 level. At 11am PDT today, Silver is up $0.16 per ounce, trading at $16.83 on normal volume.