Gold & Silver Nearing Key Resistance Levels

GOLD

Gold has traded in overseas and domestic commodity markets between $3,357 - $3,386 per ounce.
Gold appears to be building a firm base above the key $3,350 per ounce support level.
Based on the current strong demand, financial indicators, and limited supplies,
I believe gold should move above $3,400 by next week, and then continue to move higher.

At 11 am PT today, gold is trading at $3,375, down $5 per ounce on average volume.

SILVER

Silver has traded today between $37.55 and $38 per ounce in active markets.
After silver’s recent drop to $36.13 per ounce, silver is seeing stronger demand,
and the price direction is moving higher, toward my $40 per ounce projection.

At 11 am PT today, silver is up $0.15 per ounce, at $37.90 on excellent trading volume.