GOLD

Today Gold has traded in a very narrow $8 per ounce high/low range, from $1,292 to $1,284 per ounce. After the sharp decline from $1,362 on Sept. 8th to $1,260 last week, Gold needs some positive news to break above $1,300. At 11am PDT today, Gold is trading at $1,287 per ounce, down $2 on light volume.

SILVER

Silver tested the $17 per ounce support level this morning, reaching a low of $17.03. Silver firming up support at the $17 resistance level is important to the short-term direction of the price. At 11am PDT today, Silver is unchanged, trading at $17.11 per ounce on light volume.