Gold & Silver Continue Building A Firm Price Base

GOLD

Gold tested the $2,300 per ounce key support level in early Asian trading, reaching a low of $2,305 before rallying back. Gold is finding serious buyers above the $2,300 support level, which is showing the demand needed to keep Gold bullish.

At 11am PT today, Gold is trading at $2,329 per ounce, up $13 on average volume.

SILVER

Silver also tested and briefly broke below the key $29 level, reaching a low of $28.88 in Asian trading. Demand is picking up in Europe and Silver quickly rallied back to above $29.50 per ounce.

At 11am PT today, Silver is up $0.20 per ounce, trading at $29.50 on normal volume.