Gold & Silver Successfully Test Support Levels

GOLD

There's lots of volatility in the Gold price today, with a $40 high/low range in the price. Gold first rallied to $2,065 as the U.S. Dollar Index dropped below 102. Then, the December jobs report was released that showed employers added 216,000 new jobs, easily beating the 170,000 that were forecast. Gold quickly sold off to $2,025 and bargain buyers jumped on the low price.

At 11am PT today, Gold is up $4 per ounce, trading at $2,047 on average volume.

SILVER

Silver came along with Gold’s volatility, with a low of $22.80 and a high of $23.50 per ounce. Silver is showing excellent consolidation right now above the $23 per ounce support level.

At 11am PT today, Silver is trading at $23.26 per ounce, up $0.24 on light volume.