Silver Showing Excellent Fresh Demand

GOLD

Gold has found excellent support over $1,700 per ounce, hitting a low this morning of $1,714 before starting to rally. The Fed Chairman was talking to legislators this morning about providing more stimulus, helping the financial markets rally. At 11am PT today, Gold is up $5 per ounce, trading at $1,729 on good volume.

SILVER

After breaking below the key $17 per ounce support level yesterday, reaching a $16.92 low, Silver is showing excellent fresh demand. Silver reached a high of $17.67 today before seeing some short-term profit taking. At 11am PT today, Silver is trading at $17.48, up $0.15 per ounce on nice volume.