Both Gold & Silver See Profit-Taking And Test Support

Both Gold & Silver See Profit-Taking And Test Support

GOLD

Wow, what a day for precious metal traders and owners.
Gold reached a high of $4,376 in India, then sellers appeared in London and New York, with Gold dropping to $4,186.
There is speculation that the IMF, which is currently meeting in New York, may sell some Gold in 2026.

At 11 am PT today, Gold is trading at $4,222 per ounce, down $70 on very high volume.

SILVER

Silver pretty much followed Gold trading, reaching a high of $54.43 in India.
Silver saw serious selling in both London and New York, reaching a low of $50.57 before finding fresh buying.

At 11 am PT today, Silver is down $2.40 per ounce, trading at $51.50 on high volume.

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