GOLD

Gold tested the $1,306 lows this morning and held, then quickly rallied back to $1,318 per ounce. We should see sizeable Asian buying on Monday, but for right now many professional traders are just going neutral into the weekend. At 11am PDT today, Gold is trading at $1,314 per ounce, down $9 per ounce for the day.

SILVER

Silver showed excellent price support this morning as Gold was hitting the lows. Silver had excellent demand for a Friday with only a $0.33 price range. At 11am PDT today, Silver is closing at $21.85 per ounce, down $0.04 per ounce on good volume of trading.