Gold & Silver Building Firm Base For Next Leg Higher

GOLD

Gold is trading today between $3,371 and $3,400 as it waits for direction on increase rates from our Federal Reserve. The Israel/Iran war is still driving safe-haven demand higher, but the Gold price is showing major resistance at the $3,400 level.

At 11am PT today, Gold is trading at $3,388 per ounce, down $2 on average volume.

SILVER

Silver reached a high of $37.37 per ounce before seeing short-term profit-taking and then dropped to $36.56. Silver needs to move back above the $37 level to stay short-term bullish.

At 11am PT today, Silver is down $0.20 per ounce, trading at $36.90 on normal volume.