Both Gold & Silver Bounce Back From Friday's Lows

GOLD

After last Friday's sizeable drop, Gold reached a low of $2,287 in Asian and European trading this morning. As Gold trading moved into the U.S., it found buyers that took the price back above the important $2,300 support/resistance level. Buying has been active in the U.S. as the Gold stays above $2,300 per ounce.

At 11am PT today, Gold is trading at $2,311 per ounces, up $18 on excellent volume.

SILVER

After dropping $2 last Friday, Silver showed better demand than Gold during Asian and European trading this morning. Silver did test the $29 level early, reaching a low of $29.09 per ounce before seeing sizable buying in European trading. As Silver trading moved into the U.S., Silver rallied $0.50 per ounce.

At 11am PT today, Silver is up $0.45 per ounce, trading at $29.75 on active volume.