Silver Trading Back Above $58 Per Ounce

GOLD

Last night in overseas trading, Gold reached a low of $4,194 in China and then moved back above $4,200 and stayed there in India, London, and U.S. trading. Gold reached a high of $4,260 in early U.S. trading before seeing some weekend profit-taking. A weaker U.S. Dollar and anticipation of lower interest rates coming next week are helping to support the Gold price.

At 11am PT today, Gold is trading at $4,208, down $2 on average volume.

SILVER

Silver is back on its bullish track. After testing support and reaching a low of $56.44 in New York yesterday, Silver has found buyers. Silver moved back above $58 during London trading and moved above $59 in New York, reaching a high today of $59.37 per ounce.

At 11am PT today, Silver is up $1.50 per ounce, trading at $58.54 on excellent volume.