Both Gold & Silver Test Support And Rally Back

GOLD

Gold made its second attempt to break above $3,900 this morning in early London trading. Gold reached a high of $3,897 per ounce, then the U.S. market opened.
At that point, we saw a rally in the U.S. Dollars, which started profit-taking, and Gold dropped $80 per ounce in a short period of time. With the profit-taking behind us, Gold has started to move higher.

At 11 am PT today, Gold is down $15 per ounce, trading at $3,845 on heavy volume.

SILVER

The Silver price followed Gold volatility, briefly breaking above $48 in London.
Then came serious profit-taking, which drove the price down to $45.88 per ounce.
Strong buying came in, and the price moved higher.

At 11 am PT today, Silver is down $0.80 per ounce, at $46.52 on heavy volume.