Gold & Silver Lower On No Positive Iranian War News

GOLD

Gold dropped over $100 this morning based on three factors. Higher U.S. Treasury yields, a rally in the U.S. Dollar, and no positive Iranian war news coming out of China. Gold tested the key $4,500 per ounce support level, reaching a low of $4,511 during U.S. trading this morning.

At 11am PT today, Gold is trading at $4,560 per ounce, down $122 on heavy volume.

SILVER

Silver really got hit this morning, reaching a low of $75.67, down $9.33, before finding bargain buying. Silver reached a high of $89.70 on Wednesday, and now it's testing its $75 support level.

At 11am PT today, Silver is down $7.80 per ounce, at $77.10 on heavy volume.