Gold Trying To Break The Next Resistance Level

GOLD

A decline in the interest rates and the U.S. Dollar Index fueled fresh Gold demand. Gold moved above the $1,740 level as India reported a 471% increase in March Gold buying. I would like to see a little more base building before the next attempt to break the $1,750 per ounce resistance level. At 11am PT today, Gold is trading at $1,743 per ounce, up $15 on excellent volume.

SILVER

Silver firmly moved above the key $25 per ounce resistance/support level as the Gold price broke $1,740. The $25 level has shown to be a key price support level for Silver over the past few months. At 11am PT today, Silver is up $0.42 per ounce, trading at $25.20 on good volume.