Both Gold And Silver Showing Excellent Demand Above Support Levels

GOLD

Over the weekend we saw weakness in the Gold price as safe haven demand lessened as U.S. Secretary of State Antony Blinken increased efforts to secure a truce in Gaza. Gold reached a low of $2,324, well above the $2,300 support level, before seeing increased buying. As the Gold market rolled out of London and into the U.S., buyers came back sending the price above $2,340 per ounce.

At 11am PT today, Gold is trading at $2,342 per ounce, up $4 on average volume.

SILVER

On Gold’s early weakness, Silver broke down below the $27 per ounce support level, reaching a low of $26.94 for a short term. As Gold rallied, the price of Silver recovered and rallied back, reaching a high of $27.50 per ounce.

At 11am PT today, Silver is unchanged, trading at $27.30 on normal volume.