Both Gold and Silver Break Key Support Levels

GOLD

Profit-taking and a strong U.S. Dollar Index has caused the Gold price to briefly break the major $2,400 support level. I believe Gold should settle out and start moving higher over the weekend in European markets.
At 11am PT today, Gold is trading at $2,402 per ounce, down $53 on average volume.

SILVER

Silver fell with Gold this morning, reaching a low of $28.85 before finding sizeable bargain buying in Europe and the U.S. markets. Breaking below the important $30 support level sent many commodity traders to the sidelines or to the decision to short the market. As Gold firms up next week, I would expect to see Silver do the same.
At 11am PT today, Silver is trading at $29.25 per ounce, down $0.80 per ounce.