Gold & Silver Building Support For Next Leg Higher

GOLD

Gold has traded in the past 24 hours between $2,850 and $2,878 per ounce. Gold continues to show continued excellent support above $2,850 as this rally is heading for $2,900 very soon. Worldwide demand remains strong for physical Gold as well as futures contracts and options.

At 11am PT today, Gold is trading at $2850, down $13.

SILVER

For the most of the past 24 hours Silver has traded above and below the key $32 per ounce level. After reaching a high of $32.59, Silver is seeing excellent two-way trading, with some serious short-term profit-taking.

At 11am PT today, Silver is trading at $32.23, down $0.08.