Day Traders Take Profits From Gold And Silver This Week

GOLD

Going into the weekend we see Gold coming back to the same trading area as June 1st as it pulls back to the $1850 level. It’s possible we are seeing the day traders taking some profits from yesterday’s gain. At 11am Gold is $1852.57 down by $19.51 on normal volume.

SILVER

We are seeing Silver come back a little to the $22 level area after having some gains yesterday. It’s good to watch how strong the support at this level is, even as the day traders take some profits as they round out the week. At 11am Silver is $21.99 down by $0.38 on light volume.