Gold & Silver Test Key Support Levels

GOLD

Gold opened higher in Asia this morning, reaching $2,365 per ounce, before seeing some short-term profit-taking. In late Asian trading and during European trading, Gold dropped to $2,330 before finding support with fresh buying.

At 11am PT today, Gold is down $28 per ounce at $2,340 per ounce on average volume.

SILVER

Silver followed Gold higher in early trading, reaching a high of $28.31 before seeing selling. Silver found excellent support above $28 in European trading after reaching a low of $27.93 per ounce. Right now, Silver appears to have better price support than Gold.

At 11am PT today, silver is trading at $28.35 per ounce, the same as it was this time Friday.