Gold Markets ON HOLD While Silver Continues To Rally

GOLD

The Gold market appears to be ON HOLD, awaiting fresh news to give it a firm direction. The U.S. Dollar and 10-Year interest rates are also trading in a narrow range. Gold traded today from $1,633 to $1,646 on average trading volume. At 11am PT today, Gold is trading at $1,636 per ounce, down $6 on average volume.

SILVER

Silver should have more price support than Gold, as it briefly trades below $19, but quickly rallies back on good trading volume. Silver has traded today from a low of $18.90 to a high of $19.30 per ounce. At 11am PT today, Silver is down $0.05 per ounce, trading at $19.15 on normal volume.