Gold & Silver Buyers Are Back 

GOLD

Sizeable Gold buying hit the London market in late trading this morning. After reaching a low last night of $4,256 per ounce, central bank buying stepped up in London, and the U.S. market and Gold rallied over $100 per ounce. With a strong U.S. dollar and the Iranian war not getting better, today’s rally is an excellent sign of bullish demand.

At 11am PT today, Gold is trading at $4.360 per ounce, up $106 from yesterday’s low, on heavy volume.

SILVER

Silver followed Gold higher in London, jumping $2 per ounce. Demand for many of the popular Silver bullion coins and bars is increasing in India and China. Silver reached an unbelievable low of $61.91 after Kevin Walsh announced a raise in interest rates yesterday.

At 11am PT today, Silver is up $1.30 per ounce, trading at $65.61 on excellent volume.