I think gold will be trading around $548 to around $555. It's a short-term range.

I don't dare say that I favor gold in the long run. After gold's rise to these levels, I think there will be a correction.

The oil price is one of the big reasons in the gold market. It looks like gold can test $600 again very soon.

I think people have lost direction at these levels. (There's) some physical interest in silver and gold, but not much.

There was a little buying on silver.

The time for the announcement for the ETF is getting closer. Basically, the turnover is very small in silver because all players and traders are very nervous about the price at the moment.