Gold and Silver Continue to Climb Higher

GOLD

Gold reached a another three-week high of $1,776 this morning. Increased demand combined with a weaker U.S. Dollar and lower interest rates are helping this rally. Traders are waiting for the July manufacturing report before hopping in or out. At 11am PT Today, Gold is trading at $1,770 per ounce, up $5 on average volume.

SILVER

Silver has been leading the precious metal market, reaching a high today of $20.61 this morning. Both Asian and European demand is increasing for many of the popular Silver investment bars and coins. At 11am PT today, Silver is up $0.09 per ounce, trading at $20.34 on normal volume.