Gold And Silver Trading Above Support Levels

GOLD

Gold traded today between $2,309 and $2,325 per ounce as it builds support for the next leg higher. Staying above the key $2,300 per ounce support level is important to the short-term direction of the Gold price.

At 11pm today, Gold is trading at $2,315 per ounce, down $9 on average volume.

SILVER

Silver is holding above the $27 per ounce support level today, trading between $27.13 and $27.59 per ounce. We saw excellent demand this morning on European markets for Silver when it reached the $27.15 level.

At 11am PT today, Silver is trading at $27.30 per ounce, down $0.10 on good volume.