Gold & Silver Need To Build A Fresh Base To Start The Move Higher
Gold bottomed out this morning on margin call selling at support level of $1,280 per ounce. After this morning’s decline, Gold rallied up $8 on excellent demand. At 11am PT Today, Gold is trading at $1,287 per ounce, down $2 on excellent volume.
Silver tested the important $15 per ounce support level this morning. Both Silver and Gold need the balance of this week to firm up fresh buying and build a fresh base to start the move higher. At 11am PT today, Silver is up $0.02 per ounce, trading at $15.13 on excellent volume.