Silver Follows Gold Higher

GOLD

The Gold buyers are back. Fresh buying from Asia, the Middle-East and Europe drove the Gold price to $1,323 this morning. Today’s weaker U.S. Dollar (Index below 96) and a drop in interest rates are also bringing in Gold/Silver buyers on the U.S. and world commodity market. At 11am PT today, Gold is trading at $1,322 per ounce, up $10 on excellent volume.

SILVER

Silver is following Gold higher this morning, reaching a high of $15.66 per ounce, before seeing selling. With today’s Gold rally it would be short-term bullish for Silver if it stayed above $15.50 at the close. At 11am PT today, Silver is up $0.22 per ounce, trading at $15.56 on good volume.