Gold Is Staying In a Tight High/Low Trading Range

GOLD

A strong U.S. Dollar and interest rates dropping is keeping Gold in a tight High/Low trading range. Gold has tested and shown strong support above the key $1,800 per ounce level. At 11am PT today, Gold is trading at $1,811 per ounce, up $3 on average volume.

SILVER

Silver has traded today above and below the key $25 long-term support level. It’s important that Silver stays above that level for a healthy long-term and short-term support. At 11am PT today, Silver is trading at $25.02 per ounce, down $0.08 on normal volume.