Gold & Silver Continue To Test Key Support Levels

GOLD

As the U.S. Dollar Index moves above 106, the Gold price continues to be weak, briefly dropping below the key support level of $2,600 per ounce today. Gold needs to stay above the $2,600 level as it’s very important to provide a firm base for long-term goals.

At 11am PT today, Gold is trading at $2,601 per ounce, down $18 on heavy volume.

SILVER

This morning the Silver price fell with Gold, reaching a low of $30.13 before finding bargain buying. Silver is finding more price support than Gold in London trading and in the U.S. commodity markets.

At 11am PT today, Silver is up $0.10 per ounce, trading at $30.70 on excellent volume.