Both Gold And Silver Trying To Build A Strong Base

GOLD

Gold moved higher today, sticking near the $2400 an ounce mark after a volatile start to the week. The first few days saw the broader, global market reacting to worse-than-expected U.S. July job data and mounting speculation that the economy was on the brink of a recession.

Gold has slipped this week, but shows it's a hedge against the uncertainty. Gold’s status as a haven asset kept prices elevated, particularly because of geopolitical unrest and increasing tensions in the Middle East.
At 11am PT today, Gold is trading at $2390 per ounce, down just $3 from yesterday.

SILVER

Silver has traded today above and below the key $27 support level, reaching a high of $27.35 and a low of $26.73 per ounce. Staying above the $27 level is important to the short and long-term direction of the Silver price.
At 11am PT today, Silver is at $26.74, down $0.41 from yesterday.