GOLD

Gold tested Tuesday’s low of $1,216 this morning an held, quickly rallying to above $1,225 per ounce. At Gold’s current price level, we are seeing an increase in safe-haven buying in Asian and Middle Eastern countries. At 11am PDT today, Gold is up $4 per ounce, trading at $1,224 on good volume.

SILVER

Silver continues to show strong buying interest above the $16 per ounce support level. Silver appears to have bottomed out on Tuesday, after hitting a low of $16.06 per ounce. At 11am PDT today, Silver is trading at $16.28 per ounce, up $0.07 on excellent volume.