Gold & Silver Continue To Look For Price Support

GOLD

Gold reached its lowest price since March this morning, testing the key $1,850 per ounce level. Gold hit $1,850.10 per ounce before seeing sizeable support buying. $1,850 is a key support level for the Gold price, because breaking that level could drive the Gold price down to $1,818, the 2023 low. At 11am PT today, Gold is trading at $1,852 per ounce, down $13 on the day.

SILVER

Silver found excellent demand during Asian trading, reaching a high of $23.64. As trading rolled into Europe and the U.S., sellers appeared when Gold hit its lows and Silver price broke down to a low of $22.13 before finding support. At 11am PT today, Silver is down $0.38 per ounce, trading at $22.20 on heavy volume.