Gold Price Consolidating Above Support Level

Gold Price Consolidating Above Support Level

GOLD

Gold continues to consolidate today above the key $1,500 support level. Gold traded today between $1,500 and $1,506 per ounce, as it builds a base for the next leg higher. At 11am PT today, Gold is up $2 per ounce, trading at $1,508 on good volume.

SILVER

The Silver reached a low of $17.67 per ounce this morning before rallying back. Silver continues to find support at the lower end of the recent trading range. At 11am PT today, Silver is trading at $17.83 per ounce, down $0.18 on excellent volume.

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