Gold and Silver Test Support Levels After A Small Rally in U.S. Dollar Index

GOLD

Gold is testing its $1,900 support level this morning, reaching a low of $1,904 per ounce before moving higher. A small rally in the U.S. Dollar Index led to some short-term Gold selling in early European trading. At 11am PT today, Gold is trading at $1,906 per ounce, down $12 on active trading.

SILVER

Silver initially starting following with Gold’s weakness, breaking though the $24 per ounce support level, reaching $23.84 before seeing bargain buying. In the latest trading Silver is moving above and below the $24 level. At 11am PT today, Silver is down $0.25 per ounce, trading at $23.95 on good volume.