Outstanding Base Building And Consolidation For Gold And Silver

GOLD

In overnight trading in Asia and Europe, and early trading in the U.S., Gold has traded between $1,960 and $1,980 per ounce. Considering the recent rally, this is outstanding base building and consolidation for the Gold price. At 11am PT today, Gold is trading at $1,972 per ounce, $2 on good volume.

SILVER

In overnight trading in Asia and Europe, Silver found strong support at the $24 per ounce level. Plus, the Silver price stayed between $24 and $24.50 all day. Like Gold, this is excellent consolidation for the Silver price. At 11am PT today, Silver is up $0.10 per ounce, trading at $24.27 on excellent volume.