Gold & Silver Back On A Bullish Move Higher

GOLD

A weak US Dollar and speculation that the Federal Reserve will be lowering interest rates in September took the Gold price up to $3,370 in London this morning.
Gold saw active trading on the U.S. markets and dropped $11 from the day’s highs.

At 11 am PT today, Gold is up $5 per ounce at $3,552 on excellent volume.

SILVER

Silver reached $38.68 this morning, while Gold was at its high. Silver is showing excellent demand in London and on U.S. Markets.
I believe the recent test of the $36 support level is over, and we should stay above $38 for the next week to build a firm base for the next leg higher.

At 11 am PT today, Silver is trading at $38.40 per ounce, up $0.50 on excellent volume.