Silver Weathers The Gold Correction Well

GOLD

With the U.S. Dollar Index moving over 97, Gold reached a low of $1,332 per ounce in Asia before finding major buyers. At that point the Gold price picked up and quickly crossed the $1,340 level. It would be very good for Gold’s long-term outlook to consolidate between $1,320 and $1,350 for a short period of time. At 11am PT today, Gold is trading at $1,339 per ounce, down $3 on normal volume

SILVER

Silver weathered this morning's Gold correction well, with it only dropping to $14.75 per ounce before rallying back. Investment interest in Silver is picking up in Asian and European markets. At 11am PT today, Silver is up $0.01 per ounce, trading at $14.83 on average volume.