Gold rallied before seeing selling on light volume

GOLD

Gold rallied in Asian markets, reaching a high of $1,265 per ounce before seeing selling on light volume. A weaker U.S. Dollar and lower Treasury Yields across the globe are supporting the price. At 11am PST today, Gold is trading at $1,261 per ounce, up $7 on good volume.

SILVER

After breaking back above the key $16 support/resistance level, Silver reached a high of $16.19 this morning before finding some light selling. At 11am PST today, Silver is up $0.07 per ounce, trading at $16.10 on excellent volume.