Gold & Silver Pricing Test Support Levels

GOLD

With the good news of the increase in U.S. retail sales there has also been some bad news. The Dollar Index was given a boost due to this, but it has also caused Gold to drop in price significantly. Gold is challenging the $2,021 daily support level. Traders believe the $2,010 round level could offer support at this moment. At 11am PT today, Gold is trading at $2008 per ounce, down $21.

SILVER

The Fed speakers are refusing to give us any update of their decision on rate cuts. This morning Silver fell to $22.70 testing the $22.50 support level. At 11am PT today, Silver is trading at $22.66 per ounce, down $0.35.