Gold Continues To Hold In A Tight Consolidation Area

GOLD

As the U.S. Dollar Index appears to be staying in the 94 area and 10-Year Treasuries are under 1.50%, Gold is holding in a tight consolidation area currently between $1,819 and $1,832 per ounce. At 11am PT today, Gold is trading at $1,834 up by $5 on good volume.

SILVER

Silver seems to have tested the $24 level a couple hours ago, but with the strong support Silver has, it appears to have already gained half the value back since then. Staying above the $24 level is very bullish for Silver, as it starts to make its way up to the key $25 level. At 11am PT today, Silver is $24.39 down by $0.21 on above average volume.