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Friday, 6 January 2012

In the precious metals markets this week (9-13th Jan 2012)

In the precious metals markets this week . . .

GOLD:
Monex spot gold prices opened the week at $1,593 . . . traded as high as $1,630 on Friday and as low as $1,589 on Tuesday . . . and the Monex AM settlement price on Friday was $1,616, up $23 for the week.  Gold support is now anticipated at $1,597, then $1,563, and then $1,534 . . . with resistance anticipated at $1,628, then $1,665, and then $1,698.

SILVER:
Monex spot silver prices opened the week at $28.56 . . . traded as high as $29.65 on Tuesday and as low as $28.55 on Friday . . . and the Monex AM settlement price on Friday was $28.68, up $.12 for the week.  Silver support is now anticipated at $28.36, then $27.51, and then $26.80 . . . and resistance anticipated at $28.78, then $29.38, and then $29.80.