Gold & Silver Building Firm Base Above Support Levels

Gold & Silver Building Firm Base Above Support Levels

GOLD

Gold has tested the key $3,300 support level a few times in the past week and HELD.
A firm move above $3,350 would confirm that this key support level is behind us and we are moving to $3,400 per ounce.
The U.S. Department of Labor continues to report increases in unemployment claims.
This could lead the Federal Reserve to lower interest rates faster than expected, as very bullish indicators for Gold.

At 11 am Today. Gold is trading at $3317, up $5 from yesterday.

SILVER

Silver appears to have established a firm floor of $36 per ounce, as it works its way to $37 and higher.
Silver is a byproduct of copper production, and with a 25% tariff on copper, that should mean lower production of copper and silver.
Very Bullish for the price of Silver.

At 11 am PT today, Silver is trading at $36.87, up $0.48 from yesterday.

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