Gold Trading Above The 100-Day Moving Average

GOLD

This is the seventh day in a row that Gold has traded in the $1,220 to $1,230 per ounce level and closed within that range. The fact that Gold is trading above the 100-day moving average of $1,226 is bullish considering we have a higher U.S. Dollar Index, interest rates, and equity markets. At 11am PDT today, Gold is trading at $1,226.50 per ounce, up $0.50 on average volume.

SILVER

Silver found some strong buying in Asia and the Middle-East this morning. However, Silver is finding it difficult to move and stay above the $14.80 level. At 11am PDT today, Silver is up $0.04 per ounce, trading at $14.62 on normal volume.