Gold And Silver Continue To Test Support Levels

GOLD

Easing concerns about raising the debt ceiling combined with a strong U.S. Dollar continues to put pressure on precious metal prices. Gold reached a low this morning of $1,951 before seeing aggressive buying. At 11am PT today, Gold is trading at $1,958 per ounce, down $24 on active trading.

SILVER

The Silver price reached a lot of $23.32 this morning as Gold tested the $1,950 support level. Silver quickly moved back above $23.50 on bargain buying and short covering. Silver demand, at the current price level, has been increasing for many of the popular Silver investment coins. At 11am PT today, Silver is trading at $23.51, down $0.24 on excellent volume.