Both Gold & Silver Testing Key Support Levels

GOLD

Traders are waiting for Inflation and any change in the Federal Reserve’s policy on Fed Funds, which is due later this week. Today, Gold has traded between $2,296 and $2,320 per ounce as it establishes a firm base above the key $2,300 support level.

At 11am PT today, Gold is trading at $2,312 per ounce, up $1 on average volume.

SILVER

Silver has been on the defense this morning in both Asian and European trading. Silver briefly tested the $29 level, reaching a low of $28.98 before finding bargain buyers.

At 11am PT today, Silver is down $0.58 per ounce, trading at $29.17 on normal volume