Gold Moving Towards Resistance Level

GOLD

Gold traded this morning in the $1,780 to $1,790 per ounce area, as it moves towards the $1,800 per ounce resistance level. Many of the world’s leading countries are seeing the same thing we saw last week, serious wage and price inflation. At 11am PT today, Gold is trading at $1,788 per ounce, up $2 on average volume.

SILVER

Silver stayed above the $22.20 level this morning, as demand for new 2022 popular Silver investment items pick up. A move above the $22.50 per ounce would signal an end to the recent bearish sentiment. At 11am PT today, Silver is up $0.10 per ounce, trading at $22.32 on normal volume.