Silver Showing Excellent Price Support Above $22

GOLD

Surprisingly, Asian Gold markets didn’t move Gold back over $2,000 per ounce. The highest Gold reached in over-night trading was $1,996 per ounce. Gold traded last night between $1,983 and $1,996 per ounce. Other precious metals, Silver, Platinum and Palladium are showing more price support and demand than Gold. At 11am PT today, Gold is trading at $1,992 per ounce, down $1 on average volume.

SILVER

Silver reached a low of $21.90 before rallying back above the key $22 per ounce level. In overnight trading there was sizeable bargain buying of Silver in Asia and middle east commodity markets. At 11am PT today, Silver is up $0.28 per ounce, trading at $22.34 on excellent volume.