Both Gold And Silver Move Back Above Support Levels

GOLD

Gold reached a low of $2,387 in Asian trading before seeing sizeable buying in Europe. A major player (possibly an International or central bank) purchased a considerable quantity of Gold bullion and futures contracts. That buying took the Gold market back over $2,400 per ounce.

At 11am PT today, Gold is trading at $2,405 per ounce, up $11 on strong volume.

SILVER

Silver followed Gold both lower and higher. Silver hit a low of $28.61 and has rallied back to $29.10 on excellent volume. In the past week, the Silver-to-Gold ratio has moved above 80-to-1, an excellent time to add to your Silver holdings.

At 11am PT today, Silver is up $0.02 per ounce, trading at $29.12 on good volume.