The Silver Rally Continues

The Silver Rally Continues

GOLD

Gold is locked into a narrow $6 High/Low trading range this morning, between $1,423 and $1,429 per ounce. This is very healthy for the Gold price, allowing Gold to build a new base after its recent rally. At 11am PT today, Gold is trading at $1,428 per ounce, up $3 on average volume.

SILVER

The Silver rally continues this morning with Silver reaching a high of $16.48 per ounce. The demand for Silver remains strong after last week's $0.96 (6.3%) rally. I look for Silver to build a base between $16 and $16.50 during this week. At 11am PT today, Silver is up $0.27, trading at $16.41 on excellent volume.

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