Gold and Silver On A Bullish Track

GOLD

In overnight trading Gold firmed up above the key $1,950 support level. The next short-term resistance level is $1,965 per ounce, which we should see next week. The U.S. Dollar Index remains in multi-week lows, which will help the next Gold rally. At 11am PT today, Gold is trading at $1,959, up $1 on average volume.

SILVER

Silver is showing better price support/demand then Gold. Silver moved above the key $24 per ounce resistance level and reached a high of $24.28 before seeing some light selling. At 11am PT today, Silver is up $0.23 per ounce, trading at $24.10 on normal volume.