Gold And Silver Continue Building Important Price Support

GOLD

It was reported that the ADP National Employment Report Private payrolls rose by 103,000 jobs last month. The U.S. private payrolls increased less than expected, and Gold reacted to the decline. Gold traded today between $2,019 to $2,040 per ounce, building a strong base above the $2,000 support level.

At 11am PT today, Gold is trading at $2,031 per ounce, unchanged on average volume.

SILVER

Silver was not able to stay above $24 per ounce, and reached a low of $23.57 before finding bargain buying. Premiums continue to move lower to attractive levels on many of the popular silver investment coins.

At 11am PT today, Silver is down $0.16 per ounce, trading at $23.82 on normal volume.