Gold is trading in a narrow range

GOLD

Gold is trading in a narrow $6.50 high/low trading range, between $1,241 and $1,248 per ounce. Gold really needs to move back above the key $1,250 per ounce this week to regain traders’ support. At 11am PDT today, Gold is trading up $3, at $1,246 per ounce on average volume.

SILVER

Déjà vu all over again, like yesterday Silver made a new June 2017 low of $16.35 per ounce, then bargain buyers got aggressive and started buying. Silver needs to move firmly above $16.50 per ounce to regain traders’ support. At 11am PDT today, Silver is trading at $16.44 per ounce, down $0.04 on normal volume.