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Sunday 20 November 2011

Precious Metal This Week Analysis

GOLD:
Monex spot gold prices opened the week at $1,780 . . . traded as high as $1,786 on Monday and as low as $1,714 on Friday . . . and the Monex AM settlement price on Friday was $1,724, down $56 for the week.  Gold support is now anticipated at $1,711, then $1,684, and then $1,667 . . . with resistance anticipated at $1,729, then $1,748, and then $1,775.

SILVER:
Monex spot silver prices opened the week at $34.43 . . . traded as high as $34.79 on Tuesday and as low as $31.09 on Thursday . . . and the Monex AM settlement price on Friday was $32.47, down $1.96 for the week.  Silver support is now anticipated at $32.09, then $31.22, and then $29.84 . . . and resistance anticipated at $32.58, then $33.08, and then $33.92.