Gold & Silver Continues To Consolidate At Support Levels

GOLD

Gold prices are higher in overseas trading this morning on safe-haven buying after a terrorist strike in Jordan killed three U.S. soldiers. This has caused concerns of an expansion of military activity in the Middle East. Gold reached a high of $2,038 before seeing some short-term profit taking. At 11am PT today, Gold is trading at $2,029 per ounce, up $8.

SILVER

Silver broke back above the key $23 per ounce resistance level this morning, reaching a high of $23 before seeing some light selling. Staying above $23 is key to the short-term direction of the Silver price. At 11am PT today, Silver is trading at $23.25 per ounce, up $0.39.