GOLD

Gold has traded today in a very narrow $8 high/low range, from $1,224 to $1,216 per ounce. Hopefully, the price consolidation is over and the price will start moving higher by next week. At 11am PDT Gold is trading at $1,219 per ounce, unchanged from yesterday with normal volume.

SILVER

Silver is trying to build a base above the $15.70 per ounce level, with resistance at the $16 per ounce level. Silver needs to break above the $16 level for traders to become bullish. At 11am PDT today, Silver is down $0.15 per ounce, trading at $15.76 on average volume.