Silver is Up & Global Demand Strengthens

GOLD

Demand continues to show strength today in US Trading hours hovering around the $4,600 level on strong volume. Even Citi Strategists raised their 0-3 month target for gold to $5,000 per ounce today. Given current economic situations globally the demand seems to be strong around the world.

At 11am PST Gold is $4,598 per ounce, down by $15 on strong volume.

SILVER

Supply on Silver continues to be even stronger today compared to Gold. Citi also raised their 0-3 month target to $100 on Silver. Suppliers are starting to show more and more delays producing Silver at this time with the demand getting bigger from China to the US.

At 11am PST Silver is $88.12 per ounce, up by $2.42 on excellent volume.