Silver Mining Stocks On 2-Day Rally

GOLD

Gold has traded in a nice tight $10 high/low price range today, between $1,482 and $1,492 per ounce. Traders didn’t react negatively to the disappointing economic news from China, because China also stated its purchased over 100 tons of Gold so far this year. At 11am PT today, Gold is trading at $1,492, down $4 on average volume.

SILVER

Silver is staying above the key $17.50 level for most of today’s trading session. Physical demand worldwide is picking up and the mining stocks are on a 2-day rally, good indications of solid price support. At 11am PT today, Silver is down $0.04 per ounce, at $17.57 on normal volume.