Gold And Silver Continue To Test Key Support Levels

Gold And Silver Continue To Test Key Support Levels

GOLD

Gold reached a low of $1,937 this morning as a reaction to last week’s Non-Farm Employment numbers, a strong Dollar, and higher 10-Year Treasuries. But when the SEC announced a major lawsuit against Bitcoin this morning, Gold quickly rallied back above the key $1,950 resistance level and kept on going. At 11am PT today, Gold is trading at $1,958, up $6 per ounce on excellent volume.

SILVER

Silver fell with Gold, reaching $23.21 before bargain buying appeared. Silver then rallied with Gold back above the $23.50 per ounce support level. At 11am PT today, Silver is down $0.08 per ounce, trading at $23.55 on normal volume.

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