Both Gold & Silver break below key support levels

Both Gold & Silver break below key support levels

GOLD

A surging U.S. Dollar and concerns about higher interest rates put pressure on the gold price today.
Gold broke below the key $4,000 per ounce support level and reached a low of $3,959 before finding bargain buying.
At 11am today, gold is trading at $3,990 per ounce, down $137 on heavy volume.

SILVER

When silver broke below the key $60 support level, many professional traders
shorted the market, driving the price down to $55.53 per ounce.
WOW, I never thought we would see silver trade that low.
At 11am PT Today, silver is down $4.70 per ounce, trading at $57.10 per ounce.

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