Silver Market Morning: Jan 19 2017 - Gold and Silver consolidating over $1,200!

Shanghai continues to trade over 271 Yuan holding its ground. The reason for the fall in dollar prices was a strengthening of the U.S. dollar. In the last month the Yuan gold price has gone from 259 to 272 with the gold price in Yuan. We stated yesterday that, “if pricing power does reside in Shanghai as it has done in the last fortnight the Yuan price of gold will either hold or rise in the Yuan.” It has held these levels.