Gold And Silver Finding Major Support At Low Prices

Gold And Silver Finding Major Support At Low Prices

GOLD

More reports continue to come out of China showing weak economic growth. Chinese consumer demand for goods and services is dropping and there is a fear the China is rolling into a recession. Traders are looking forward to tomorrow when U.S. CPI and PPI will be released. At 11am PT today, Gold is trading at $1,916 per ounce, down $10 on average volume.

SILVER

Silver is reached a low of $22.60 this morning on the Chinese news. With the low premiums, demand for many of the popular Silver investment coins has increased dramatically. At 11am PT today, Silver is down $0.08 per ounce, at $22.72 on strong volume.

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