Gold is consolidating after recent rally

GOLD

Gold is consolidating after its recent rally, trading between $1,260 and $1,270 per ounce for most of today. At 11am PDT today, Gold is down $2, trading at $1,270 on average volume.

SILVER

Silver tested its support level this morning, reaching a low of $16.42 before bargain buyers jumped in. After the early sell-off, Silver rallied to today’s high of $16.74 per ounce. At 11am PDT today, Silver is trading at $16.65, down $0.08 per ounce on normal volume.

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