Silver Trading Above Important $15 Resistance Level

GOLD

Gold reached a high of $1,347 this morning, a new 2019 high for Gold, as the U.S. Dollar drops. Gold continues to show an increase in its demand worldwide from professional commodity traders and investors. It would be healthy for Gold’s long-term value to build a new base and trading range before breaking above the $1,350 level. At 11am PT today, Gold is trading at $1,342 per ounce, up $4 on good volume.

SILVER

Finally, Silver is trading above the important $15 per ounce resistance level. Silver reached a high of $15.12 in early morning trading, before seeing some light profit taking. Silver needs to stay above $15 per ounce for a few days and make $15 a support level. At 11am PT today, Silver is up $0.12 per ounce, trading at $15.03 on good volume.