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Gold And Silver Soar Today

 Gold and silver have caught a sharp move higher today on volume. Many investors and traders will point to the uncertainty in the Middle East for the rally in the precious metals, however, the chairman of the Federal Reserve Bank gave his reasons why he will continue his quantitative easing program and this action by the Fed is inflationary.

The iShares Silver Trust(NYSE:SLV) has rallied sharply higher this afternoon by 0.55 cents. Traders should watch for resistance around the $28.50 level.

Nicholas Santiago