Healthy Corrections To The 2019 Precious Metals Bull Run

GOLD

Late yesterday, and in over-night trading today, we saw a correction to the recent Gold rally. Gold reached a low of $1,502, testing the important $1,500 per ounce resistance level and held. This is a healthy correction to the 2019 bull run in precious metals, and a major buying opportunity. At 11am PT today, Gold is trading at $1,511, down $10 on excellent volume.

SILVER

Silver followed Gold lower today, briefly breaking below the key $18 per ounce support level. The volatility in the Silver market has been substantially higher than Gold, with 5% high/low ranges. Silver appears to have found support at the $18 level. At 11am PT today, Silver is down $0.50 per ounce, trading at $18.25 on good volume.