Gold & Silver Prices Moving Higher

GOLD

Gold continues to trade between $1,951 and $1,966 per ounce as it awaits the announcement from the Federal Reserve tomorrow. The markets are expecting a 0.25% increase in the Fed Funds rate, but anything else will definitely affect many financial markets, including precious metals. At 11am PT Today, Gold is trading at $1,964 per ounce, up $4 on average volume.

SILVER

Silver showed more demand and price increase than Gold. Silver moved back above the $24.50 support/resistance level and is now trading in an excellent range for the next attempt to break the $25 resistance level. At 11am PT Today, Silver is up $0.24 per ounce, trading at $24.64 on normal volume.