Gold & Silver Building A Bullish Base

GOLD

Gold reached a low of $3,304 in London before finding heavy demand for physical and futures contracts. Building a firm base above $3,300 is important for the next leg higher.

At 11am PT today, Gold is trading at $3330, up $1 from Thursday of last week.

SILVER

The Silver price started rallying over the long holiday weekend, moving to a high of $37.27 per ounce before seeing some short-term profit-taking. Silver sold off in London this morning, reaching a low of $36.34 before rallying.

At 11am PT today, Silver is trading at $36.69, down just $0.17 from Thursday.