Gold is taking a breather

GOLD

After a Gold rally that lasted seven consecutive days, with Gold moving up over $40, its taking a breather today. Yes, since July 13th Gold has moved from $1,217 to $1,259 per ounce. At 11am PDT today, Gold is down $2 per ounce, but still above the important $1,250 support/resistance level, trading at $1,252 on average volume.

SILVER

Silver reached a low this morning of $16.23, then quickly rallied on heavy volume to above $16.50 per ounce. For most of today, Silver has traded above and below the important $16.50 level. At 11am PDT today, Silver is trading at $16.51 per ounce, up $0.02 on the good volume.

Copyright © 2023 MINTSTATEGOLD.COM. All rights reserved.