Gold Rallies Back To A Fresh Daily High

GOLD

After briefly breaking down again under the $1,900 per ounce support level, Gold rallied back to a fresh daily high of $1,913. A lower U.S. Dollar Index (below 93) helped increase the demand in European and U.S. Markets. At 11 am PT today, Gold is trading at $1,908 per ounce, up $6 on excellent volume.

SILVER

Silver tested the $24 per ounce support level again, but rallied back as Gold moved higher. $24.50 per ounce is a key level for Silver and staying above that area is short-term bullish for Silver. At 11 am PT today, silver is trading at $24.48 per ounce, up $0.16 on normal volume.