Gold & Silver Test Key Levels And Bounce Back

GOLD

This morning as Gold rolled out of European trading it was $2,342 per ounce, but quickly bounced back above the key $2,350 level as it moved into the U.S. on excellent volume. A combination of a weaker US Dollar and strong European and Chinese demand is influencing the traders in our commodity markets.
At 11am PT today, Gold is trading at $2356, up $21 from Friday.

SILVER

Silver continues to be the leader in the precious metal markets as it quickly rallies in Asia, Europe and the U.S. markets from Friday’s close of $30.33 back above the $32 level on fresh buying.
At 11am PT today, Silver is up $1.61,  trading at $31.92.