Gold And Silver Rise As Banks Fall

GOLD

Banking problems are back in the focus today as the Credit Swiss Bank is having financing problems. Gold moved higher in European trading and continued to move higher in the U.S., reaching a high of $1,938 before seeing some light selling. Physical demand for many of the popular Gold investment coins have increased and premiums are going higher. At 11am PT today, Gold is trading at $1,926, up $17 on excellent volume.

SILVER

Silver followed Gold higher today, reaching a high of $22.50 before seeing some short-term profit taking. Like Gold, many of the popular Silver investment coins are seeing increased demand. At 11am PT today, Silver is trading at $21.90 per ounce, down $0.06 on good volume.