April Gold closed up 34.7 at 1760.6. This was 33.6 up from the low and 1 off the high.
March Silver finished up 1.213 at 34.429, 0.036 off the high and 0.629 up from the low.
The gold market surprised a few traders with the magnitude of its upward thrust today. Early in the trading session, the gold market seemed to be under whelmed with the risk-on wave that was in place to start today, but as the session progressed the risk-on vibe seemed to become even more prevalent and gold prices carved out impressive gains. In short, the gold market saw help from a number of outside market forces today, with the strength in the Euro seen as a primary driving force of the bull camp.
The silver market also forged a noted range up trade in the action today but the market seemed to waffle somewhat into the scheduled data window. However, silver was ultimately able to benefit from the broad based commodity rally and to a degree some of the buying of silver today might have been the result of supportive action from the currency markets. The bear camp continued to question silver's upward capacity because of the silver markets inability to forge a multi week breakout like was seen in the gold market.
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