Gold & Silver Trading In Tight Range

GOLD

The Consumer Sentiment survey for August was released today by the University of Michigan. The number was 58.6, which was lower than July’s final reading of 61.7.
The data was also well below expectations, as the consensus forecast of economists called for an improvement to 62. Gold wasn’t affected by the number and stayed in a tight trading range from $3,330 and $3,340 per ounce.

At 11 am PT today, up is trading at $3,335 per ounce, down $2 on average volume.

SILVER

Silver continues to trade above and below the key $38 per ounce level with low trading volume. This is normal for a Friday.

At 11 am PT today, silver is down $.05 per ounce, trading at $37.95 on light volume.