Silver Leading The Precious Metal Market Higher

GOLD

Gold rallied over the July 4th holiday, reaching a high of $1,936 per ounce. In this morning’s trading Gold found seller and we saw Gold move lower, hitting $1,918 before finding support. A stronger U.S. Dollar and higher interest rates were the key issues in today’s correction. At 11am PT Today, Gold is unchanged from Monday, trading at $1,921 per ounce.

SILVER

Silver found sizeable demand in Europe and the U.S. and the price moved higher last night and today. Silver crossed the key $23 per ounce resistance level and reached a high of $23.42 before seeing some light selling. At 11am PT today, Silver is up $0.30 per ounce, trading at $23.20 on good volume.