Gold Shows Firm Support While Silver Has Demand

Gold Shows Firm Support While Silver Has Demand

GOLD

Gold continues to trade in a tight range between $1,690 and $1,710 per ounce. Gold is showing firm support as it builds an excellent base for the next leg higher. At 11am PT today, Gold is trading at $1,703 per ounce, down $16 on average volume.

SILVER

Silver showed excellent demand earlier today, reaching a high of $15.85 before selling off with gold. Right now, I’m seeing firm demand above the key $15.50 level. At 11am PT today, Silver is down $0.03 per ounce, trading at $15.52 on normal volume.

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