Silver Staying Above The Key $32 Per Ounce Level

GOLD

Gold traded in a $30 High/Low range today between $2,333 and $2,633 as Investors await the release of the Federal Reserve’s favorite inflation measure. This is the personal consumption expenditures price index, which will be released on Friday.

At 11am PT today, Gold is trading at $2,341, down $15 on the day.

SILVER

Silver traded at a low of $31.52 per ounce as Gold was moving lower. However, at that price (unlike Gold) Silver found bargain buyers, who took the price back over the key $32 per ounce support/resistance level.

At 11am PT today, Silver is up $0.25 per ounce, trading at $32.17 on excellent volume.