Gold And Silver Test Key Support Price Levels

GOLD

Gold saw some serious profit taking on Asian markets, bringing the price down to $2,470 per ounce. As the markets moved into the Middle East and Europe the price held and raised $10 per ounce. In U.S. trading this morning the Gold price is moving around $2,475-$2,480 per ounce. Gold needs to climb back above $2,500 per ounce within the next few days to stay bullish.
At 11am PT today, Gold is trading at $2,482 per ounce, down $28 on average volume.

SILVER

Silver reached a low of $28.82 during Asian trading, but quickly rallied back in Europe. For the most part of the U.S. trading day, Silver has stayed above the $29 per ounce support level.
At 11am PT today, Silver is down $0.45 per ounce, trading at $29.05 on normal volume.