Previous Gold $4,010 Silver $56.00, Gold & Silver Prices Firming Above Support

GOLD

Last night in overseas Gold markets, Gold started by dropping to a low of $3,982, then moved above $4,000 after the Chinese market opened. Gold stayed above the $4,000 per ounce level during trading in India, London, and when U.S. trading opened.

At 11am PT today, Gold is trading at $4,007 per ounce, down $3 on average volume.

SILVER

Last night, Silver traded between $56.50 and $57.50 during overseas trading in all the markets. If Silver could just build a firm base above $55 for the week, I believe it would stabilize the market as the Iranian war continues.

At 11am PT today, Silver is up $0.75 per ounce, trading at $56.75 on normal volume.