Physical Demand For Gold Investment Products Picks Up In Europe

GOLD

Gold’s breakout above the key $1,600 resistance level continues. Gold reached a high today of $1,610.60 before slowing down. Physical demand for Gold investment products is picking up in Europe. All 11am PT today, Gold is trading at $1,609 per ounce, up $9 on excellent volume.

SILVER

Silver is outperforming Gold on this rally. Silver has increased $0.60 per ounce (3.33%) this week, reaching a high of $18.37 per ounce today. After breaking out above the $18 resistance level, Silver should run to $18.50 quickly. At 11am PT today, Silver is up another $0.20 per ounce, trading at $18.37 on excellent volume.