Gold And Silver Rallying After Bottoming Out

GOLD

Gold started the day moving higher in Asian trading and kept on moving higher in London and U.S. Trading. Gold reached a high of $ 2,615, up over $45 in London trading and has shown excellent demand in the U.S., staying above $2,600 per ounce.

At 11am PT today, Gold is up $43 per ounce, trading at $2,611 on excellent volume.

SILVER

Silver tested the key support level in overnight Asian trading, reaching a low of $30.20. Then, it started moving higher as Gold approached the $2,600 level. Silver has reached a high of $31.33 today before seeing light short-term profit taking.

At 11am PT today, Silver is trading at $31.08 per ounce, up $0.73 on excellent volume.