Under-Valued Silver Shows Excellent Price Support

GOLD

Gold traded above the $1,340 level for most of today. Demand seems to be growing, primarily in Asian and Middle Eastern markets, with the U.S. Dollar virtually in a holding pattern awaiting the January Federal Reserve meeting minutes. A credible update on the status of U.S.-China trade negotiations will also affect the precious metal markets. At 11am PT today, Gold is trading at $1,343 per ounce, up $3 on good volume.

SILVER

Yes, finally an active Silver market. Under-valued Silver showed excellent price support by trading over the $16 per ounce resistance level. Silver reached a high of $16.17 per ounce in late trading today. At 11am PT today, Silver is up $0.20 per ounce, trading at $16.15 on excellent volume.