Gold And Silver Test Key Support Levels

GOLD

Today’s unemployment and Personal Consumption Expenditures (PCE) were unfavorable for Gold investors and Gold reacted accordingly. Gold dropped over $50 per ounce, reaching a low of $2,731 before finding support and bargain buying.
At 11am PT today, Gold is trading at $2,740, down $49 per ounce on heavy volume.

SILVER

Silver fell like a rock when the U.S. economic numbers were released, reaching a low of $32.45 per ounce. Dropping below the key $33 per ounce resistance level was important as traders short-sold the market.
At 11am PT today, Silver is down $1.23, trading at $32.67 on heavy volume.