Gold And Silver Prices Continue To Move Higher

GOLD

Both the U.S. Dollar Index and U.S. interest rates sold off this morning, leading to a stronger precious metal market in Europe and the U.S. commodity markets. Gold reached a high of $1,984 before seeing light selling in U.S. trading. At 11am PT today, Gold is trading at $1,977 per ounce, up $9 on good volume.

SILVER

Silver followed Gold higher, briefly breaking the $24 per ounce resistance level. After reaching a high of $24.02, Silver continued to show good demand, trading above $23.90. At 11am PT today, Silver is up $0.30 per ounce, trading at $23.90 on excellent volume.