Physical Gold & Futures Demand Both Remain Strong

GOLD

Gold once again tested the key $1,850 support level this morning and held. Demand continues to be strong for both futures and physical Gold. At 11am PT today, Gold is trading up $11 per ounce at $1,870 on excellent demand.

SILVER

Silver also tested support early in trading and rallied back on fresh bargain buying. I'm looking for Silver to break the key $24 level if Gold continues its current rally. At 11am PT today, Silver is trading at $23.63 per ounce, up $0.13 on normal volume.