Silver Finding Excellent Demand Above $15 Support

GOLD

Gold bottomed out at $1,286 in overseas markets last night and quickly turned higher on sizeable purchases. After testing support this morning Gold rallied to $1,299 before short-term profit talking kicked in at the $1,300 resistance level. At 11am PT today, Gold is trading at $1,294 per ounce, up $1 on excellent volume.

SILVER

Silver reached a low of $14.93 when Gold hit its lows. Silver is finding excellent demand above the $15 level. At 11am PT today, Silver is up $15.14 per ounce, up $0.13 on good volume.