Silver Price Leads Precious Metal Markets In Asia and Europe

GOLD

Gold tested support last night, reaching $1,958 before seeing fresh buying. Buyers have taken the Gold price to $1,974 before seeing excellent two-way trading. It would be healthy for the Gold price to trade between $1,950 and $2,000 as it builds a firm base for the next move above $2,000 in September. At 11am PT today, Gold is trading at $1,972 per ounce, up $10 on good volume.

SILVER

The Silver price leads the precious metal trade in Asian and European markets this morning. Silver opened at $27.72 and continued to move higher. Silver has reached a high of $28.34 before seeing some light profit-taking. At 11am PT today, Silver is up $0.90 per ounce, trading at $28.30 on excellent volume.