Gold Does Outstanding During $1,850 Support Level Test

GOLD

Gold tested its $1,850 support level, reaching a low of $1,853 on normal Friday profit taking. This was the first test of the key $1,850 support level and Gold did outstanding by showing sizeable buying just above the level. At 11am PT Today, Gold is trading at $1,871 per ounce, up $6 on average volume.

SILVER

Silver briefly broke down below its $25 per ounce level, reaching a low of $24.97. Silver quickly bounced back above $25.25 per ounce. Silver needs to stay above the $25 level, while consolidating its recent gain for a few more days. At 11am PT today, Silver is up $0.12 per ounce, trading at $25.46 on normal volume.