Gold And Silver Moving Higher After Recent Lows

GOLD

After Gold reached a low of $2,383 per ounce on Monday, Gold has steadily moved higher, reaching a high of $2,432 this morning. $2,400 is a key level for Gold and staying above that level will be very bullish for both the short and long-term direction of the price.

At 11am PT today, Gold is up $7 per ounce, trading at $2,412 on average volume.

SILVER

Silver is holding above the $29 support level and consolidating at that level after the recent drop. Silver should be able to steadily move higher toward the key $30 per ounce level.

At 11am PT today, Silver is trading at $29.12, unchanged from yesterday, on normal volume.