Gold And Silver Testing Support Levels And Looking Good

GOLD

In overseas trading last night, Gold traded between $3003 and $3033 per ounce. A stronger U.S. Dollar is putting some pressure on the Gold price. Gold continues to be bullish, testing the key support level and trading in a tight range. After a short period of consolidation above $3,000, it should be on the way toward $3,100.

At 11am PT today, Gold is trading at $3,011 per ounce, down $4 on normal volume.

SILVER

Silver traded today between $32.85 and $33.29 all day in both overseas trading and the U.S. Trading has a bullish bias, and should be back above $33 this week. Demand for physical metal continues to pick up and premiums have stop falling and are moving higher on many popular investment coins and bars.

At 11am PT today, Silver is up $0.06 per ounce, trading at $33.02 on average volume.