Gold & Silver Holding Above Key Support Level

GOLD

Gold briefly tested the $5,000 level in India, dropping to $4,988 before quickly moving back above $5,000 per ounce. We can now add Canada to the list of China’s newest trading partners after Trump's recent threats, which helped cause a weaker U.S. Dollar. A weak U.S. Dollar is helping the Gold price stay over $5,000 per ounce.

AT 11 AM today, Gold is trading at $5018 per ounce, down $48 on the day.

SILVER

After Monday’s sharp rally, taking the Silver price of $80 per ounce, it appears the overseas markets are supporting the rally. This morning in overseas trading, Silver stayed between $80.50 and $84.14 per ounce.

At 11am today, silver is down $2.17 per ounce, at $81 per ounce.