Gold and Silver Still Trying to Break Resistance Levels

GOLD

Today Gold traded between $1,786 and $1,800 as it builds a firm base before breaking the key $1,800 resistance level. I believe after a little more consolidation Gold should firmly break $1,800 by next week. At 11am PT today, Gold is trading at $1,790 per ounce, down $6 on average volume.

SILVER

Silver sold off this morning based on Gold’s weakness and reached a low of $20.22 before finding bargain buying in Asian and European markets. At 11am PT today, Silver is down $0.30 per ounce, trading at $20.40 on normal volume