Gold And Silver Prices Rally From Key Support Levels

GOLD

Gold tested the $2,350 support level this morning, reaching $2,349 before rallying back. Gold spent most of the trading day between $2,355 and $2,365, as it continues to build a firm base for the next attempt to break $2,400 per ounce, later this month.

At 11am PT today, Gold is trading at $2,361 per ounce, up $4 on average volume.

SILVER

Silver moved higher last week by a larger percentage and saw a correction yesterday of over 3% before rallying back. Today, Silver found excellent support and traded above and below the $31 level most of the day.

At 11am PT today, Silver is up $0.13 per ounce, at $30.80 on strong volume.