Its An Important Time For Silver

GOLD

Gold tested the important $1,200 per ounce support level this morning, reaching a low of $1,196. Gold is actively trading and the demand dramatically picks up below the $1,200 level. At 11am PT today, Gold is trading at $1,202 per ounce, down $1 on good volume.

SILVER

Silver has traded above and below the important $14 per ounce support level all day. It’s an important time for Silver, as a firm break below that level could see Silver drop to the $13.70 area. However, if Silver can bounce off that support level it could run back to the $14.50 level. At 11am PT today, Silver is down $0.06 per ounce, trading at $14 on excellent volume.