Both Gold And Silver Test Key Support Levels

GOLD

Gold tested its $2,450 support level again this morning, reaching a low of $2,452 before seeing fresh buying. Gold needs to stay above the $2,450 level to consolidate recent gains and establish a strong base for the next move to $2,500 per ounce.

At 11am PT today, Gold is up $3 per ounce, trading at $2,455 on good volume.

SILVER

Silver briefly broke below its key $30 per ounce support level today, reaching a low of $29.83 before rallying back. In U.S. trading today, Silver moveed above and below the $30 price level. Silver needs to continue to show firm support at that level.

At 11am PT today, Silver is trading at $30.05 per ounce, down $0.15 on normal volume.