Multiple Bullish Factors For Gold Today

GOLD

Gold traded today between $1,883 and $1,904 per ounce and it continues to consolidate ahead of the next leg higher. Interest rates and the U.S. Dollar Index are staying low, while Bitcoin continues its move lower (dropping below $32,000) today. All bullish factors for higher Gold prices. At 11am PT today, Gold is trading at $1,892 per ounce, down $4 on average volume.

SILVER

Today, Silver is showing resistance to break the key $28 per ounce level. Silver reached a high of $27.96 today before seeing short-term short-selling. When Silver firmly breaks above $28, all these short-sellers will run for cover and the price could jump fifty cents. At 11am PT today, Silver is down $0.25 per ounce, trading at $27.64 on normal volume.