Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Silver And Gold Remain In Bull Mode This Morning

 This morning both silver and gold are trading higher and remains near 52 week highs. The iShares Silver Trust ETF(NYSE:SLV) is trading higher by 0.54 cents to $33.10 a share which is a new 52 week high. The SLV looks to have some minor intra-day resistance around the $33.25 level. Should the U.S. Dollar Index continue to decline the SLV could see higher prices.

The SPDR Gold Shares(NYSE:GLD) are trading higher by 0.59 cents to $137.99 a share. The all time high for the GLD was made on December 7, 2010 at $139.54 a share. Short term traders can look for the GLD to have intra-day resistance around the $138.50 level. As long as the U.S. Dollar Index continues to decline gold and silver could continue to climb higher.

Nicholas Santiago