Silver On Its Way To $18 Per Ounce

GOLD

Gold has traded between $1,507 and $1,523 an ounce today, in the face of a strong U.S. Dollar Index (over 98) and higher equity markets. On the positive side for Gold, the 10-year treasury has dropped to a 3-year low of 1.52%. Gold continues to build a great base for the next leg higher. At 11am PT today, Gold was trading at $1,521, up $1 on average volume.

SILVER

Silver traded between $17.07 and $17.37 per ounce today, as it consolidates the move over the important $17 level. Both $17.50 and $17.64 are resistance levels for Silver on its way to $18 per ounce. At 11am PT today, Silver was down $0.08 per ounce, trading at $17.22 on normal volume.