Gold And Silver Showing Good Price Support Near The Highs

GOLD

Gold reached over $2,300 per ounce yesterday in after-market trading. While trading in Europe this morning, Gold sold-off reaching a low of $2,282 before finding buyers. Surprisingly, the Gold price continues to look strong in the face of higher U.S. interest rates.

At 11am PT today, Gold is trading at $2,292 per ounce, down $2 on good volume.

SILVER

While the Gold price was reaching its lows in Europe, Silver fell to $26.69 per ounce. As the Gold price rallied, Silver moved back above the key resistance level of $27 per ounce on excellent trading volume.

At 11am PT today, Silver is up $0.20 per ounce, trading at $27.15 on excellent volume.