GOLD And Silver Testing Key Support Levels

GOLD

Gold tested the key $3,500 support level, reaching $3,509 and quickly rallying higher. Gold needs a little time building a base between $3,500 and $3,600 before moving higher.

At 11am PT today, Gold is trading at $3543, down $32 from yesterday.

SILVER

After reaching a high of $41.51, Silver saw profit-taking today. Silver reached a low of $40.35 today before seeing fresh buying. $40 is a key support level for Silver, and staying above that level for a week or so would be healthy for the long term direction of Silver.

At 11am PT today, Silver is down $0.78, trading at $40.52.