Gold & Silver Test Key Support Levels

GOLD

Today, in overnight trading, Gold traded between $4,308 and $4,550 per ounce, as we see a year-end correction. Trading was very active, especially in the U.S., as Gold saw a $200+ price correction after the Chicago Mercantile Exchange, one of the world’s largest commodity trading floors, raised margin requirements on precious metals.

At 11am PT today, Gold is trading at $4,330 per ounce, down $203 on active trading.

SILVER

The trading volatility in the Silver markets worldwide is unbelievable. Last night and this morning in commodity exchanges around the world, Silver reached a low of $70.48 after reaching a high of $83.93 per ounce.

Wow, a $13.45 (19%) high/low range is historic.

At 11am PT today, Silver is down $5.35 per ounce, trading at $71.85 on active volume.