Gold & Silver Rallying With Excellent Volume

GOLD

Gold briefly tested the $1,750 support level this morning, reaching a low of $1,753, before sizeable buying appeared, the price quickly rallied back above $1,770 per ounce. Even with the recent 7.6% increase, the world’s largest central banks continue to load up on Gold in November. At 11am PT today, Gold is trading at $1,772 per ounce, up $8 on strong volume.

SILVER

Silver both tested support and resistance today. In today’s early trading, Silver reached a low of $21.50, right on support. Then, rallied with Gold and broke above the $22 per ounce resistance level. At 11am PT today, Silver is up $0.38 per ounce, trading at $22.02 on excellent volume.