Gold & Silver Both Test Support Levels

GOLD

Gold tested support this morning in late Asian trading, reaching a low of $1,762 and found strong buying. Between today’s Federal Reserve update and tonight's State of Union speech, I’m hoping the precious metal markets find a bullish direction. At 11am Today, Gold is trading at $1,773 per ounce, down $5 on normal volume.

SILVER

Silver also tested support his morning, reaching a low of $25.78 before finding buyers. We are still seeing high premiums and shortages of the many popular Silver investment items. At 11am PT today, Silver is down $0.30 per ounce, trading a $26.06 on average volume.