Both Gold And Silver Test Support Levels And Rallying Back Again

GOLD

Today’s U.S. jobs report for April showed fewer jobs than forecast, while the unemployment number rose slightly. This news kept Gold in a tight range between $2,276 and $2,320 for most of the trading day.

At 11am PT today, Gold is trading at $2,302 per ounce, down $4 on light volume.

SILVER

Silver tested the $26 per ounce support level this morning. Silver reached a low of $26.09 before seeing bargain buying.

At 11am PT today, Silver is down $0.15 per ounce, trading at $26.50 on light volume.