Gold And Silver Trading Above Key Support Levels

GOLD

Gold has found excellent price support in Asian markets above the $2,320 level. There is heavy demand in China on any weakness in the Gold price. It appears that Gold has regained its bullish attraction to many of the professional commodity traders.

At 11am PT today, Gold is trading at $2,336 per ounce, up $15 on average volume.

SILVER

Silver tested its key $27 support level this morning and held. At a little over $27 per ounce buyers appeared and quickly took the value to $27.60 before seeing any selling.

At 11am PT today, Silver is up $0.28 per ounce, trading at $27.48 on normal volume.