Gold & Silver Both Make Bullish Moves

Gold & Silver Both Make Bullish Moves

GOLD

Gold is back on its bullish track this morning, rallying above the $1,420 per ounce level. $1,438 has been the recent resistance level and I would expect to see that level reached shortly. At 11am PT today, Gold is up $17 per ounce, trading at $1,425 per ounce on excellent volume.

SILVER

This morning’s Silver rally has reached the important $16 per ounce level, but initially couldn’t hold. This is a very important level for Silver, and a break above $16 would be highly bullish. At 11am PT today, Silver is trading at $15.95 per ounce, up $0.33 on excellent volume.

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