Gold Moves Back Above $4,000 As Silver Rallies Back Over $60

GOLD

Last night in overseas Gold trading, before the Chinese market opening, Gold reached its high of $4,203 per ounce.
Then, as high-volume Gold trading moved from China to India to London and ended up in the U.S., Gold moved lower on very active trading.
Today, Gold appears to be building a fresh base above the $4,100 per ounce level before attempting to break the $4,200, the next resistance level.

At 11 am PT today, Gold is trading at $4,169 per ounce, up by $54 from last week.

SILVER

As early Monday trading moved around in overseas markets, Silver started at $62.18 per ounce in China.
Then, as the market moved to India and London, Silver traded above and below the $62 level.
When trading opened in the U.S., Silver saw selling, and the price quickly dropped to the low of the day, $61.25, before seeing bargain buying.
The more days Silver can stay above $60 would allow Silver to rebuild that key base.

At 11 am PT today, Silver is trading at $62.50 per ounce, up by $1.9 from last week.