Gold and Silver Testing Support Levels After Recent Highs

GOLD

After setting an all-time high of $2,130 in early Monday morning trading, Gold has seen selling and profit-taking. Gold reached a low this morning of $2,009 as it tests the major support level of $2,000. It appears that the profit-taking has ended and we will be moving higher.

At 11am PT today, Gold is trading at $2,018 per ounce, down $7 on good volume.

SILVER

Silver moved lower with Gold this morning, reaching a low of $23.92 before seeing support. Silver rallied back above the $24 per ounce support level and is trading actively.

At 11am PT today, silver is trading at $24.20 per ounce, down $0.30 on excellent volume.