Gold & Silver Rally on Extension of Iranian Ceasefire

GOLD

Gold rallied this morning on the extension of the Iranian ceasefire and a weaker

U.S. Dollar plus a drop in oil prices.

It appears that $4,700 is becoming a support level for Gold.

At 11am PT today, Gold is up $27, trading at $4,741 on average volume.

SILVER

Silver bottomed out yesterday afternoon at $75.50 and has reached a high

of $78.80 before seeing selling in oversea trading this morning.

$75 continues to be a major support level for Silver.

At 11am PT today, Silver is up $1.45, trading at $77.95 on excellent volume.