Gold And Silver Are Both Testing Support Levels

GOLD

The U.S. Dollar has moved higher (approaching 107) and interest rates are staying high. This is putting pressure on precious metals ahead of tomorrow's monetary policy decision from the Federal Reserve. The Israeli war continues to heat up and safe-haven buying remains strong around the globe.

At 11am PT today, Gold is trading at $1,985 per ounce, down $12 on excellent volume.

SILVER

Once again Silver broke below the key $23 per ounce support level, reaching a low of $22.78 before finding bargain buying. Recently, Silver finds buyer below $23 and sellers at $23.40 and above.

At 11am Silver is trading at $22.86 per ounce, down $0.42 on average volume.