Gold And Silver Traders Waiting For Powell’s Comments

GOLD

Gold traded today between $3,326 and $3,352 as it continues to consolidate its 2025 gains. Today’s report from the National Association of Realtors show that July existing-home sales increased 2% which is considered neutral for precious metals.

At 11am PT today, Gold is trading at $3,335, down $12 on average volume.

SILVER

Silver moved above the $38 per ounce resistance level this morning during London trading, and hit a high of $38.29 before seeing selling. Staying above $38 per ounce is key to the short-term direction of the Silver price.

At 11am PT today, Silver is up $0,28 per ounce, at $38.10 on excellent volume.