Precious Metals Update

Precious metals had a good day yesterday Gold kept its intra day volatility and Silver finally had a clear breakout of the range testing higher levels tracking the Gold, but closed strong in difference of the December gold which fell back later in the session.

Gold still in the volatile mood where the Futures markets swings about heavily with an uptrend incentive. Looking at the December contracts intra day support is found at $658.50/oz and 653/oz area with potential upside to yesterday´s highs at 668,20 and resistance at 673,20.

September Silver tested 12.29 high and close at 12.245, could see a dip today towards supports at 12.02 where fresh buying should occur.