Gold And Silver Hold Their Ground Above Key Support Levels

GOLD

This morning economic reports were released from China showing a sizeable slowing in demand and in their economy, this news took the Gold price lower. Gold tested the key $1,950 support level and rallied back in European and U.S. trading. The U.S. Dollar Index continues to decline, which also helped Gold move back above $1,960 per ounce. At 11am today, Gold is trading at $1,962, unchanged from yesterday.

SILVER

Silver continues to show good price support above the key $24 price level. Demand for popular Silver investment items has slowed down and premiums are lower. At 11am PT today, Silver is trading at $24.30, unchanged from yesterday.