Gold and Silver Trade Bound

We start the week with Far East buying in the overnight Gold market on the tragic news of the Paris attacks. Usually these news story rallies are short lived. Gold is still trade bound and I don’t expect anything different for the time being.

Silver also locked in a trading range with most financial advisors indicating that their precious metal inquiries have gone dry. Most retail investors indicate that before they put new buy orders in the Silver market, the price of Silver has to decline well below the $14 dollar level. United States Mint Silver Eagle allocation lower this week due to the Veteran’s Day holiday last week.

Premiums continue to be steady, some buying around but not enough to get any dealer excited.

Support levels unchanged from my comment last Wednesday. Unfortunately, the market is very quiet and
I struggle to find news that will excite anyone.

Have a wonderful week.