Gold & Silver Continue Their Bullish Rally

GOLD

Gold continued its bullish move, reaching a high of $3,391 before seeing selling. Staying above $3,350 for a few days and then a move to $3,400 would be healthy for the long-term outlook.

At 11 am PT today, Gold is trading at $3,380 per ounce, up $6 on excellent volume.

SILVER

Silver showed more price support than Gold this morning. Silver reached a low of $37.23 this morning before seeing sizeable buying in London. Like Gold, Silver needs to build a firm base above $37.50 for a few days before moving to $38.

At 11 am PT today, Silver is up $0.45, trading at $37.75 per ounce.