Gold & Silver Back On The Bullish Track

GOLD

Gold tested support again this morning in Asian trading, reaching a low of $1,481. At that point, major buying began and the price rallied 1%. Gold appears to be back in the bullish mode and about to test the important $1,500 per ounce barrier very soon. At 11am PT today, Gold is trading at $1,496 per ounce, up $7 on excellent volume.

SILVER

After reaching a ridiculous level of $17.10 yesterday, Silver has gotten back on track and has moved back above the key $17.50 per ounce level. Silver is starting its move back to the important $18 resistance level. At 11am PT today, Silver is up $0.21 per ounce, trading at $17.61 on good volume.