Gold and Silver Rally as U.S Dollar Moves Lower

GOLD

The U.S. Dollar continues to move lower and in the precious metal markets, buyers are back. Gold reached a high this morning of $1,823 on strong demand for physical Gold. Many investors and central banks want to show more Gold in inventory before the end of the year. At 11am PT today, Gold is trading at $1,815 per ounce, up $26 on excellent volume.

SILVER

Silver surged this morning when Gold broke above the $1,800 level and never looked back until reaching a high of $24.27 per ounce. Breaking and staying above the $24 resistance level is important to the short-term price direction. At 11am PT today, Silver is $1.00 per ounce, trading at $24 on excellent volume.