Gold & Silver Continued To Move Higher On Good Demand

GOLD

Gold tested the important $3,400 resistance level this morning, reaching a high of $3,397.50 per ounce before seeing selling.
All indicators point to breaking the key resistance level soon, the US Dollar remains low, and physical demand for gold is still strong.

At 11 am PT today, gold is up $17 per ounce, trading at $3,392 on good volume.

SILVER

Silver broke out above the $38 per ounce level this morning, reaching a high of $38.56 before seeing short-term profit-taking.
Silver has spent most of the day trading in the $38.15 to $38.30 range.

At 11 am PT today, silver is trading at $38.15 per ounce, up $0.25 on excellent volume.