Gold and Silver Continues Base Building and Price Support

GOLD

Gold traded today between $1,833 and $1,845 per ounce, as the base building continues. Other factors that affect the Gold price are interest rates moving higher around the world, except in China, and a stronger U.S. Dollar. At 11am PT today, Gold is trading at $1,835 per ounce down $9 on average volume.

SILVER

Silver is showing better price support than Gold today. Silver has traded above and below the key $22 level today, with excellent fresh demand. Today’s trading isn’t surprising as Silver was more over-sold then Gold earlier this month. At 11am PT today, Silver is up $0.12 per ounce at $21.84 on good volume.