Silver Continues To Rally Above $15.50 Resistance

GOLD

Gold continues to trade in a narrow $10 High/Low range, from $1,285 to $1,295 per ounce. Consolidating and building a great base for the next move to the $1,300 major resistance level. At 11am PT today, Gold is unchanged at $1,289 per ounce on normal volume.

SILVER

Silver continues to successfully test its $15.50 support level, and rallying back above. When Gold breaks above the $1,300 level, I would expect to see Silver test the $16 level. At 11am PT today, Silver is unchanged at $15.61 per ounce on average volume.

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