Gold and Silver Increase in Anticipation for Federal Reserve Meeting

GOLD

Gold continues to move higher, ahead of next week’s Federal Reserve meeting and announcement on interest rates. I’m looking forward to Gold breaking above $1,800 per ounce by early next week. At 11am PT Today, Gold is up $2 per ounce, trading at $1,790 per ounce on average volume.

SILVER

Silver continues to show more price support and demand than Gold. Silver broke above the $23 per ounce resistance level in early trading and has stayed there move of the trading day. At 11am PT today, Silver is up $0.30 per ounce, trading at $23.05 on normal volume.