Gold And Silver Continue To Test Key Support Levels

GOLD

While yesterday’s increase in the inflation rate drove Gold/Silver prices lower, today's nonfarm payrolls increase of only 12,000 jobs for October provided support for Gold/Silver prices. Gold is currently staying above yesterday’s low of $2,731 in very active trading.
At 11am PT today, Gold is down $2.50 per ounce at $2,737.50 on heavy volume.

SILVER

Silver continues to test key support around the $32.50 level. For Silver to stay bullish in the short-term, the price needs to move back above the key $33 level by next week.
At 11am PT today, Silver is down $0.20 per ounce, trading at $32.47 on excellent volume.