Excellent demand for Gold and Silver

GOLD

Today, Gold briefly broke below the $1,340 level and quickly rallied back on excellent demand. Gold then reached the $1,350 per ounce resistance level and there was short-term profit taking. At 11am PDT today, Gold is down $1 per ounce, trading at $1,346 on normal volume.

SILVER

Silver showed early support at the $16.50 level, then excellent demand hit the market and started a rally. In early trading, Silver started a rally which hit a high of $16.84 per ounce. At 11am PDT today, Silver is trading at $16.76 per ounce, up $0.06 on good volume.

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