Silver Closes Above $40, Gold Near $1770

Silver has closed access market trading at $40.02, a significant technical level for the metal, and gold has also closed strongly at the highs of the day above Sinclair's $1764, closing at $1767.20.

It is critical that silver hold today's gains, and continue higher and clear the $42 level on this attempt in order to see some real price action to the upside again.

MARKET IS CLOSED (Will open in 15 hrs. 1 min.)
		Metals	Date			Ask	Change		Low	High
		GOLD	08/15/2011			1767.20	+19.90	+1.14%	1734.50	1767.70
		SILVER	08/15/2011			40.02	+0.85	+2.18%	39.03	40.08