Gold And Silver Test Key Support Levels And Rally Back

GOLD

In overnight European trading, a major buyer appeared (possibly a central bank) and drove the Gold price up $25 to a high of $1,939 per ounce. As the market rolled into the U.S. that sharp increase slowly sold-off. At 11am PT today, Gold is up $5 per ounce, trading at $1,921 on excellent volume.

SILVER

Silver moved with Gold’s European increase, reaching $22.78 before seeing selling. Premiums on many of the popular Silver investment coins and bars has been dropping due to an increase in supplies from many of the world’s largest mints. At 11am PT today, Silver is trading at $22.44, down $0.08 on normal volume.