Gold & Silver Seeing Light Profit Taking

GOLD

Gold kept on moving higher in overseas markets and the U.S., reaching a high of $3,669 per ounce. Then we saw profit-taking in late London trading, and the rally stopped. Gold is still up sizeably since the start of September.

At 11am PT today, Gold is trading at $3,643, up $10 for the day on average volume.

SILVER

Silver saw a high today of $41.51 per ounce, then, when a weakness in the Gold price came, Silver couldn’t hold above the $41 per ounce level.

At 11am PT today, Silver is down $0.41 per ounce, trading at $40.85 on solid volume.