Another reason for Precious Metal rise is Bolivia News

Comex gold and silver futures remain sharply higher on the day due in part to news that Bolivia plans to hike taxes on mining, while also saying the government may nationalize companies that violated privatization rules.

The news about two gold exchange-traded funds planned in India is also adding to the upside in the market. That will take more metal out of the market.

With this news also, the path of the resistance has been cleared up.