Gold And Silver Holding In Bullish Trading Range

GOLD

This morning, during European trading, Gold reached a low of $1,945, $5 below the $1,950 support level. As the Gold market rolled into the U.S. Gold rallied back above the $1,950 level as the U.S. Dollar Index moved back below 100. At 11am PT today, Gold is trading at $1,955 per ounce, down $5 on average volume.

SILVER

Silver is trading between $24.50 and $25 per ounce, as it builds a firm base after last week’s big increase. After last week’s rally in the Silver price the Silver-to-Gold ratio has dropped to below 90-to-1. At 11am PT today, Silver is down $0.08 per ounce, trading at $24.84 on normal volume.