Gold Driven Higher & Silver Follows

GOLD

Many of the professional traders who shorted Gold at $1,300 are now covering those short-sells. That buying is helping to drive the Gold price higher, reaching $1,312 earlier in the day. At 11am PT today, Gold is trading at $1,309 per ounce, up $4 on nice volume.

SILVER

Silver reached a high this morning of $15.32 per ounce, following the Gold price. Silver needs to move back above the $15.50 level for traders to get a bullish sentiment. At 11am PT today, Silver is trading at $15.27 per ounce, up $0.01 on normal volume.