GOLD

Gold saw selling in the Far East this morning, driving the price down to the lower end of the recent trading range of $1,186 per ounce. A higher U.S. Dollar Index is also putting pressure on Gold. At 11am PDT today, Gold is trading at $1,187 per ounce, down $15 on low holiday volume.

SILVER

Silver followed Gold lower, reaching $14.25 before finding strong buying. Demand for physical Silver investment products picked up dramatically at the lower level. At 11am PDT today, Silver is down $0.31 per ounce, trading at $14.35 on light volume.