Gold & Silver Holding Above Key Support Levels

GOLD

Gold tested the important $4,600 support level in China during overseas trading this morning. Gold also tested its $4,700 resistance level during London trading this morning. Gold is seeing fresh safe-haven buying, but still getting resistance from a boosting dollar, and strong March U.S. jobs data released last week.

At 11am PT today, Gold is trading at $4,657 per ounce, up $7 on average volume.

SILVER

When Gold traded near its low last night, Silver traded down to $71.23 per ounce. But, as Gold rallied, Silver saw fresh buying and rallied $1.50 per ounce. Silver continues to stay above the key $70 per ounce support level.

At 11am PT today, Silver is up $0.35 per ounce, at $72.85 on normal volume.