Demand For Both Gold & Silver Remain Strong

GOLD

Gold traded today between $1,725 and $1,738 per ounce, as it continues to consolidate recent gains off the recent lows. Demand is strong and I look for a rally next week. At 11am PT today, Gold is up $5 per ounce, trading at $1,732 on average volume.

SILVER

Silver traded today between $24.83 and $25.25 per ounce, finding increasing demand every time it breaks the below the $25 level. Silver is clearly finding direction from the Gold price right now, so the next rally in Gold will be very helpful. At 11am PT today, Silver is unchanged at $25.05 level.