Gold And Silver Back On Bullish Track

GOLD

Gold reached a high this morning of $2,471 before seeing profit-taking which caused Gold to test support at the $2,450 level. Gold looks to be building a firm price base for the next attempt to break above $2,500 per ounce.

At 11am PT today, Gold is trading at $2,455 per ounce, up $11 on average volume.

SILVER

Silver took the lead in the precious metal markets today, as it broke back above the key $28 per ounce level. Silver reached a high of $28.59 before seeing some light profit-taking.

At 11am PT today, Silver is up $1.02 per ounce, trading at $28.32 on strong volume.