Gold & Silver Continue To Build A Firm Base

GOLD

Gold traded today between $2,030 and $2,045 as it continues to build a firm base for the next break above $2,050 and then $2,100. I see this consolidation has a very positive factor in both the short-term and long-term price for Gold.

At 11am PT today, Gold is trading at $2,038 per ounce, up $11 on good volume.

SILVER

Silver trading moved back above the $24 resistance level this morning, reaching a high of $24.12 before seeing light selling. Silver needs to stay above $24 per ounce to remain bullish.

At 11am PT today, Silver is trading at $24.02 per ounce, up $0.23 on average volume