Demand For Physical Silver Picking Up
After last week’s rally, Gold is establishing a new trading range above the new support level of $1,300 per ounce. This morning a stronger U.S. Dollar helped Gold reach a low of $1,308 before finding fresh buying. At 11am PT today, Gold is trading at $1,315 per ounce, down $3 on normal volume.
Silver sold-off with Gold, reaching a low of $15.64 before the bargain buyer came running in. Demand for physical Silver investment product is picking up in Asia, Middle East, Europe and the U.S. At 11am PT today, Silver is down $0.05 per ounce, trading at $15.88 on average volume.