Both Gold & Silver Test Support Levels

GOLD

Last night in Asian and early European trading Gold tested support at the $1,720 per ounce level. As the markets rolled into the U.S. Gold found fresh buying and reached a high of $1,734. A slight sell-off in the U.S. Dollar Index is definitely helping Gold demand. At 11am PT today, gold is trading at $1,728 per ounce, down $5 on good volume.

SILVER

Silver also tested support last night and reached a low of $24.58 per ounce before finding buyers. In U.S. trading Silver has been trading above and below the key $25 per ounce level. At 11am PT today, Silver is down $0.30 per ounce, trading at $24.78 on normal volume