Silver Actively Trading Above And Below $14.50 Support/Resistance Level

GOLD

Many of the financial markets are closed today because of former President George H.W. Bush’s funeral, however Gold is trading oversees and has moved slightly lower. The U.S. Dollar Index is holding in at the 97 level and interest rates for the 10-year Treasury is about 2.90%. At 11am PDT today, Gold is trading at $1,236 per ounce, down $3 on light volume.

SILVER

After reaching a high of $14.60 per ounce yesterday, Silver is actively trading above and below the $14.50 support/resistance level. With the Silver/Gold ratio at 85-to-1, we are seeing some movement of Gold sales and Silver purchases. At 11am PDT today, Silver is trading at $14.48 per ounce, down $0.05 on average volume.