Gold And Silver Staying Neutral In Markets, Waiting For Chance To Rally

GOLD

Gold appears to be in a holding pattern, awaiting news next week from the Federal Reserve. Gold is trading in a narrow range between $1,650 and $1,670, as it builds an excellent base for the next move to $1,700 per ounce. At 11am Gold is trading at $1,662 per ounce, down $4 on average volume.

SILVER

Silver is finding market support above the important $19.50 per ounce level. Silver tested that level numerous times today and rallied back above. At 11am PT today, Silver is down $0.02 per ounce, trading at $19.53 on normal volume.