Gold & Silver Holding Below Support Levels

GOLD

To my surprise, Gold reached a new 2026 low of $3,852 per ounce yesterday.
Concerns over the Federal Reserve raising interest rates by ½ point in
December, plus a stronger US Dollar has driven the Gold price lower.
In overnight trading, the Gold price stayed above $3,900, but dropped when trading started in the U.S.

At 11 am PT today, Gold is trading at $3,880 per ounce, unchanged for the day

SILVER

Silver followed Gold lower, breaking the $50 per ounce support level, and reaching $48.80 before finding bargain buying.

At 11 am PT today, Silver is down $1.15 per ounce, trading at $49 on heavy volume.