Gold And Silver Test Support Levels After Correction

GOLD

Gold tested its key $2,600 per ounce support level this morning in Asia, reaching a low of $2,603 before rallying back to above $2,620 on sizeable volume. The Israel and Hezbollah cease-fire agreement in Lebanon has briefly ceased tensions in the Middle East, but it's only for 60 days if the terms aren’t broken.
At 11am PT today, Gold is trading at $2,624 per ounce, up $4 on excellent volume.

SILVER

Silver briefly broke below the key $30 per ounce level in overnight trading before bouncing back. The $30 per ounce level is an important long-term support level for the Silver price.
At 11pm PT today, Silver is up $0.10 per ounce, trading at $30.38 on solid volume.