Gold still trading in a tight range

GOLD

Gold has traded above and below the important $1,250 per ounce resistance level in a very tight $7 trading range. No major news, but the U.S. Dollar and interest rates are a little higher. At 11am PDT today, Gold is trading at $1,250 per ounce, up $4 on good volume.

SILVER

Silver, like Gold, was trading all day above and below the important $16.50 per ounce support level. Silver reached a high of $16.70 and a low of $16.46 per ounce. At 11am PDT today, Silver is up $0.10 per ounce, trading at $16.54 on excellent volume.

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