Both Gold And Silver Testing Key Support Levels

GOLD

Gold remains on the downtrend this morning in European and American markets. Gold did briefly rally back above $2,400 per ounce in Asia, but sold-off in European markets. Gold has reached a low of $2,367 before finding bargain buying this morning.

At 11am PT today, Gold is down $2 per ounce, trading at $2,881 on average volume.

SILVER

Early this morning, Silver reached a high of $28.25 per ounce on strong buying in Asian markets. However, as precious metal trading moved into European markets there were sellers. In the U.S. Silver reached a low of $27.27 before seeing serious buying.

At 11am PT today, Silver is trading at $27.75 per ounce, down $0.10 on normal volume.