Gold And Silver Remain In A Bullish Trading Range

GOLD

While an increased value in the U.S. Dollar and higher interest rates are putting pressure on the Gold price, concerns about the middle east are supporting Gold’s value. Gold traded today between $1,953 and $1,978, as it continues to build a firm base. At 11am PT today, Gold is trading at $1,977 per ounce, down $1 on average volume.

SILVER

The Silver price continues to test the $23 per ounce support level. Silver traded last night and today between $22.63 to $23.10 per ounce. Any Gold breakout should be helpful in firmly moving the Silver price higher. At 11am PT today, Silver is trading at $23 per ounce, down $0.10 on normal volume.