Gold & Silver Back On The Bullish Track

GOLD

After reaching a recent low of $3,631 yesterday, the call looked attractive to many Asian and European buyers and started moving higher today. Gold reached a high today of $3,676 in London near the close of trading. During U.S. trading, Gold moved higher, reaching $3,680 on excellent volume and on track to break $3,700 next week.

At 11am PT today, Gold is at $3,678 per ounce, up $34 on excellent volume.

SILVER

Silver found serious buying in India and moved back over the key $42 per ounce level. Silver reached a high today of $42.90 ($1.15 higher from yesterday) before seeing light profit-taking. Silver rallied back on excellent volume during U.S. trading.

At 11am PT today, Silver is up $42.90 per ounce, up $1.15 with excellent trading volume, especially for a Friday.