Gold And Silver Showing Excellent Support Above Key Price Levels

GOLD

After reaching a low of $1,931 per ounce in late Asian and early European markets, the buyers came back. A slight break in the U.S. Dollar and Interest rates help fresh buying and Gold quickly moved back above the key $1,950 per ounce level. At 11am PT Today, Gold is trading at $1,958 per ounce, up $13 on good volume.

SILVER

After testing support at the $23 per ounce level, Silver moved higher with Gold in most of the world’s largest commodity markets. Silver reached a high of $23.42 before seeing some light selling. At 11am PT today, Silver is up $0.30 per ounce, trading at $23.17 on average volume.