Gold & Silver Bounce Back Despite Strong Dollar

GOLD

Today Gold was trading in a fairly narrow range until the US Markets opened in the morning and the US Dollar Index went up. I like seeing that Gold still bounced back to the low $1270’s fairly quickly, despite the stronger Dollar. At 11am PT today, Gold is trading at $1273 down by $3 on strong volume.

SILVER

Silver was also hovering in a tight range, close to the $15 level, until the Dollar came into play. Now it’s working it’s way back, just not as quickly as Gold. At 11am PT today, Silver is trading at $14.87 down by $0.13 on above average volume.