Gold briefly broke above $1,200

GOLD

Gold briefly broke above the $1,200 resistance level this morning, reaching $1,202 per ounce. This break lost support and the price sold off by $5, on light selling. I believe this is just the 1st attempt to break $1,200 per ounce. At 11am PDT today, Gold is up $3 per ounce, trading at $1,196 on good volume.

SILVER

Silver only reached a high of $14.92 per ounce when Gold briefly broke $1,200-- disappointing as I would like to have seen it break the $15 resistance level. Silver is finding good price support in the $14.75 area. At 11am PDT today, Silver is trading at $14.78, unchanged from yesterday’s close, on normal volume.

Copyright © 2023 MINTSTATEGOLD.COM. All rights reserved.