Gold And Silver Bounce Off Recent Lows

GOLD

A lower U.S. Dollar and concerns about a holdup in a U.S. debt ceiling agreement has driven the Gold price higher today. Gold reached a low of $1,956 before seeing fresh buying in Europe and New York, driving the price higher. At 11am PT today, Gold is trading at $1,981 per ounce, up $13 on average volume.

SILVER

Silver showed excellent price support in the $23.50 area and then rallied with Gold to briefly break the $24 resistance level. At 11am PT today, Silver is up $0.41 per ounce, trading at $23.92 on excellent volume.