Gold continues to move higher

GOLD

As the U.S. Dollar Index continues to fall (93.65), Gold continues to move higher, the Gold rally moves higher. This morning Gold moved firmly above the $1,250 per ounce level, reaching a high of $1,259 before seeing light selling. At 11am PDT today, Gold is trading at $1,254 per ounce up $1 on average volume.

SILVER

Silver continues to move above and below the key $16.50 resistance level. Today, Silver hit $16.63 and sellers appeared, driving the price down to $16.40, and then buyers became very aggressive. At 11am PDT today, Silver is up $0.02 per ounce, trading at $16.49 per ounce on normal volume.