Both Gold And Silver Continue To Move Higher

GOLD

Gold continued to move higher in late trading yesterday and early morning in Asia, Europe and the U.S. Gold has reached a high of $2,370 today on speculation that the Fed will cut interest rates in the next few months.

At 11am PT today, Gold is up $35 per ounce, trading at $2,368 on excellent volume.

SILVER

Silver has traded today in a narrow range between $28.16 and $28.40 per ounce, well above the important $28 per ounce support level. Building a firm base above $28 would be very healthy for Silver’s short-term price strength.

At 11am PT today, Silver is up $0.23 per ounce, trading at $28.35 on excellent volume.