Excellent Support And Consolidation For Gold

GOLD

The 10-year Treasury yields dropped from a 10-month high today. This helped pull down the U.S. Dollar Index, providing excellent support for the Gold price. Today, Gold traded between $1,850 and $1,862, showing good consolidation. At 11 am PT today, Gold is trading at $1,856 per ounce, up $7 on average volume.

SILVER

Silver sold off in the early morning, reaching a low of $25.11 per ounce before rallying back. Right now, it is important that the Silver price stay over $25 to provide short-term support to the market. At 11 am PT today, Silver is down $0.03 per ounce, trading at $25.47 on normal volume.