Silver Acting Very Bullish Staying Above $19

GOLD

After reaching a low of $1,613 per ounce during Asian trading last Wednesday, Gold has rallied. Gold quickly moved back above $1,650 in late trading on Wednesday and has stayed above that level for the balance of this week. Today, we saw Gold reach $1,672 before seeing some light weekend selling. At 11am PT today, Gold is trading at $1,662, up $4 for the day

SILVER

Silver reached a high of $19.41 per ounce earlier today when Gold was trading at its highs. Staying above $19 is very bullish for Silver in the short term. At 11am Pt today, Silver is up $0.30 per ounce, trading at $19.05 on excellent volume.