Heavy Demand Drive Gold & Silver to Record Levels

GOLD

Overnight trading was very active in Asian and European markets, Gold traded between $2,318 and $2,345 per ounce. During overnight Asian and European trading and on the U.S. Market, trading volume was at record highs as new buyers and profit-taking gave the Gold price a $27 range.

At 11am PT today, Gold is trading at $2,238 per ounce, up $13 on excellent trading volume.

SILVER

In early trading, Silver tested the $28 per ounce resistance level and saw some light profit taking. However, the low for today was still above the $27 support level, reaching a low of $27.19. Trading volume is also high on many of the world’s commodity markets.

At 11am PT today, Silver is up $0.35 per ounce, trading at $27.80 on excellent volume.