Gold & Silver Holding At Support Levels

GOLD

This morning Gold tested its $1,280 support level and held. Over the past week Gold has traded between the $1,280 and $1,300 level, with major buying at $1,280 and light selling at the $1,300 resistance level. At 11am PT today, Gold is trading at $1,290 per ounce, down $2 on average volume.

SILVER

Silver briefly traded below the important $15 support/resistance level, reaching a low of $14.86 per ounce. Trading volume increased dramatically at the lows and quickly moved back above $15 level. At 11am PT today, Silver is trading at $15.08 per ounce, down $0.05 on excellent volume