In the precious metals markets this week ( 2-6 Jan 2011)

In the precious metals markets this week . . .

GOLD:
Monex spot gold prices opened the week at $1,593 . . . traded as high as $1,599 on Tuesday and as low as $1,528 on Thursday . . . and the Monex AM settlement price on Friday was $1,567, down $26 for the week.  Gold support is now anticipated at $1,563, then $1,544, and then $1,448 . . . with resistance anticipated at $1,581, then $1,614, and then $1,629.

SILVER:
Monex spot silver prices opened the week at $28.73 . . . traded as high as $29.08 on Tuesday and as low as $26.34 on Thursday . . . and the Monex AM settlement price on Friday was $27.83, down $.90 for the week.  Silver support is now anticipated at $27.79, then $27.10, and then $26.14 . . . and resistance anticipated at $28.30, then $29.19, and then $29.90.