Silver Not Seeing A Bullish Demand Like Gold

Gold

Gold tested the $1,550 support level in early Asian trading, but quickly rallied. As the Gold market rolled into the European and the U.S. markets, buyers appeared and drove the price higher. At 11am PT today, Gold is trading at $1,562 per ounce, up $5 on good volume.

Silver

Silver isn’t seeing the same strong bullish demand as Gold. Right now, Silver has a major seller when the price reaches the $17.90 level. Silver needs to break above that resistance, and move forward towards the $18 level to regain a bullish trend. At 11am PT today, Silver is down $0.03 trading at $17.80 on average volume.