April 29, 2019 -- Gold and silver prices recovered a bit of ground last week. Gold tested support at its 200-day moving average price, an important level for technical traders, and held up.

However prices have pulled back again this morning.

The precious metals have held up reasonably well considering the headwinds they are facing. The U.S. dollar index closed above 98 for the first time in nearly 2 years.

Stock prices continued to move higher and the first quarter GDP number announced Friday handily beat the consensus estimate.

Perhaps the bullion banks are through with the current round of cashing in on their shorts, and the metals markets will continue bouncing from an oversold condition.



Check out live precious metals prices here:
https://goo.gl/gy5XMA