Gold And Silver Showing Great Price Support While Rallying Over The Weekend

GOLD

This morning, Gold showed excellent price support above the $1,667 level and rallied back to Friday’s highs on excellent volume. Today’s strength in the Gold price has interest rates remaining near their recent highs. At 11am PT today, Gold is trading at $1,676 per ounce, up $3 on good volume.

SILVER

Silver showed better price support than Gold over the weekend, as it tested the $21 per ounce resistance level, reaching a high of $21.11 before seeing some short-term profit takings. At 11am PT today, Silver is up $0.17 per ounce, trading at $20.82 on excellent volume.