Both Gold And Silver Holding Above Support Levels

GOLD

Gold reached a low of $2,145 this morning as the market is accepting the idea that the Federal Reserve is likely not to lower interest rates until June. Buyers came in at the lows of the day and the price quickly moved back above the $2,150 level. Traders are awaiting any announcement from the Fed later this week.

At 11am PT today, Gold is trading at $2,159 per ounce, up $2 on average volume.

SILVER

Silver briefly reached a low of $24.93 this morning, but quickly turned around and rallied back over the $25 level as the Gold price firmed.
Demand for physical investment Silver products remains strong in Asia, the Middle East, and Europe.

At 11am PT today, Silver is up $0.40 per ounce, trading at $25.20 on good volume.