Both Gold & Silver Trying To Stay Above Support Levels

GOLD

Gold is testing the key $2,300 per ounce support level today. Gold reached a low of $2,292 per ounce earlier today in European trading, then rallied to a high of $2,324. There is a lot of speculation about the key inflation data that is due out by the end of this week. Both U.S. interest rates and the U.S. dollar have been strong, putting more pressure on the Gold price.
At 11am PT today, Gold is trading at $2,302 per ounce, down $17 on good volume.

SILVER

After breaking below the $29 per ounce support level yesterday, Silver reached a low of $28.52 before seeing major bargain buying in both Asian and European markets. Silver has traded today above and below that key $29 level.
At 11am PT today, Silver is down $0.03 per ounce, trading at $28.90 on strong volume.