Gold & Silver Still Holding Above Support Levels

GOLD

Gold traded this morning between $1,906 and $1,915, as it appears to be getting ready to test the $1,900 support level if tomorrows CPI numbers aren’t weak. Physical demand remains strong at current price levels. At 11am PT today, Gold is trading at $1,913 per ounce, down $10 on average volume.

SILVER

With the Gold price lower its surprising to see Silver higher this morning on excellent demand. Silver stayed above the key $23 level today, reaching a high of $23.25 on fresh buying. At 11am PT today, Silver is up $0.07 per ounce, trading at $23.15 on good volume.