Gold Breaks $1900 Level

GOLD

Both the U.S. Dollar and interest rates are remaining low, which helped Gold reach a high of $1,913 per ounce in early morning trading today. It’s important that Gold stays above the key $1,900 level for a few days to firm up the recent rally. At 11am PT today, Gold is trading at $1,892 per ounce, down $5 on heavy volume.

SILVER

Silver reached a high of $28.32 before seeing selling. Silver continues to trade above and below the key $28 price level during this consolidation phase. At 11am PT today, Silver is down $0.30 per ounce, trading at $27.67 on heavy volume.