Gold & Silver Finding Bargain Buying At Support Levels

GOLD

With no news on any progress with peace talks for the Iranian war, the Gold price saw selling in late London and U.S. trading.
Gold reached a low of $4,554 before seeing bargain buying in the U.S.
It’s possible that Gold could test its long-term support level of the $4,500 per ounce.

At 11 am PT today, Gold is down $81 per ounce, trading at $4,601 per ounce on excellent volume.

SILVER

The Silver price really got hit this morning during trading in the U.S.
Silver reached a low of $71.92 before seeing sizeable bargain buying.
With Silver breaking below the $75 support level, the long-term support level is $70 per ounce.
I look for a rally tonight during Chinese and Indian trading.

At 11 a.m. PT today, Silver is trading at $73.30 per ounce, down $2.05 on heavy volume.