Gold And Silver Continue Testing Key Support Levels

GOLD

Gold has been trading in the $1,970 to $1,980 area today as we await news from a meeting between President Biden and Speaker McCarthy. Movement on legislation for passage of a debt ceiling will give all financial markets some direction. A stronger U.S. Dollar is putting a little pressure on precious metals. At 11am PT Today, Gold is trading at $1,975 per ounce, down $3 on average volume.

SILVER

Silver traded overnight in Asia and Europe just below the key $24 resistance level, as Gold trades in a tight range under $1,980 per ounce. At 11am PT today, Silver is down $0.22 per ounce, trading at $23.70 on normal volume.