Silver to Follow Gold as Gold Moves to Next Leg Higher

GOLD

Gold is building a firm base for the next leg higher, trading in a narrow range. Today, Gold has traded between $1,871 and $1,881 per ounce on average volume, with no serious news. At 11am PT today, Gold is at $1,875 per ounce, up $3 on average volume.

SILVER

Silver reached a low of $23.46 during early European trading before finding bargain buying. I believe when Gold starts its next leg higher on the way to $1,900, the Silver price will move higher towards $25. At 11am PT today, Silver is down $0.10 per ounce, trading at $23.60 on average volume.