from Gold Money
Gold and silver prices once again showed some strength on Friday, as has often been the case in recent weeks. After being under pressure in earlier trading, the yellow metal reversed sharply at $1,605, popping up to its short-term resistance zone at around $1.625 and settling slightly lower at around $1,620. Silver rallied almost 60c and spiked from a low of $27.60 to over $28.30. It too has given up some of those gains since and is currently trading around the $28.00 level.