2011 19-23 Gold Silver Analysis

GOLD:
Monex spot gold prices opened the week at $1,675 . . . traded as high as $1,677 on Tuesday and as low as $1,560 on Thursday . . . and the Monex AM settlement price on Friday was $1,594, down $81 for the week.  Gold support is now anticipated at $1,576, then $1,535, and then $1,465 . . . with resistance anticipated at $1,617, then $1,658, and then $1,727.

SILVER:
Monex spot silver prices opened the week at $31.10 . . . traded as high as $31.93 on Tuesday and as low as $28.45 on Tuesday . . . and the Monex AM settlement price on Friday was $29.50, down $1.60 for the week.  Silver support is now anticipated at $29.27, then $28.50, and then $27.78 . . . and resistance anticipated at $29.85, then $30.90, and then $31.48.