Gold & Silver Hold At Resistance Levels

GOLD

After reaching a low of $1,402 in early Asian trading, Gold rallied again on excellent demand. This morning was the fifth test of the important $1,400 resistance level for Gold and it held. I expect to see Gold reach the $1,438 level by month end as it continues its rally. At 11am PT today, Gold is trading at $1,411 per ounce, up $5 on excellent volume.

SILVER

Like Gold, Silver tested it support level of $15 earlier today, reaching $15.00 per ounce before rallying back. At 11am PT today, Silver is trading at $15.24 per ounce, up $0.12 on good volume.