Gold is trading in a narrow range

GOLD

Gold is trading in a very narrow $4 high/low range today, between $1,259 and $1,255 per ounce. After Friday’s $12 per ounce drop, the Gold market is building up support above the $1,250 level. At 11am PDT today, Gold is trading at $1,259 per ounce, unchanged from Friday’s close.

SILVER

Silver reached a low of $16.11 per ounce this morning before bargain buyers got aggressive and took the price back to $16.25 per ounce. At 11am PDT today, Silver is down $0.07 per ounce, trading at $16.28 on average volume.