Gold And Silver Staying High In Demand By Markets

GOLD

Many of the financial markets are reacting from news coming from tomorrow’s Federal Reserve meeting. Gold reached a high of $1,658, before selling off on short term profit taking. Demand remains high and premiums are strong. At 11am PT today, Gold is trading at $1,645 per ounce, up $10 on good volume.

SILVER

Reports of sizeable demand for physical Silver stored in the COMEX and in London are affecting the market. (See article on Mint State Gold) Silver briefly moved above the key $20 level in early trading, reaching a high of $20.12 before seeing selling. At 11am PT today, Silver is trading at $19.65, up $0.50 per ounce on excellent volume.