Gold Returns To Tight Trading Range

GOLD

After yesterday’s $17 price drop Gold has returned to a tight trading range between $1,288 to $1,295 per ounce. It appears that this price range is very attractive to major buyers of physical Gold. At 11am PT today, Gold is trading at $1,292, unchanged from yesterday’s close.

SILVER

Silver continues to trade above and below the important $15 support/resistance level. Silver traded as low as $14.86, and as high as $15.09 today. At 11am PT Today, Silver is trading at $15.02 per ounce, up $0.08 on good volume.