After a strong move Monday in the London market during the US Labor Day holiday, silver is consolidating north of $32 this morning. A brief dip just prior to today’s COMEX open saw silver dip below $32, but strong buying immediately emerged and took the metal back nearly to it’s highs at $32.38. -
Gold has tested support at $1690 twice this morning before exploding higher to clear $1700! If gold can place two consecutive closes above the critical level, expect the metal to move quickly to $1750 and from there, rechallenge $1800.