Gold & Silver Move Higher On Iran Deal News

GOLD

As Gold rebounds from its recent low of $4,022, it's showing Gold demand over the $4,200 per ounce level. The big question is? Is Gold back on the bullish track? We can only answer that when we see a signed deal between the U.S. and Iran.

At 11am PT today, Gold is trading at $4,225 per ounce, up $70 on excellent volume.

SILVER

Silver rallied from $61.42 to $67 yesterday after Trump’s Iranian settlement announcement. Last night in overseas trading, Silver traded between $65.77 and $68.17 per ounce. It's important that silver backs over the $70 per ounce level early next week to stay long-term bullish in traders' eyes.

At 11am PT today, Silver is up $2.75 per ounce, at $67.75 on excellent volume.