GOLD & SILVER TEST KEY SUPPORT LEVELS AND HOLD

GOLD

Gold hit a high of $2,347 early Friday after it’s sell-off yesterday. But Gold’s still headed for its first weekly fall in three weeks as expectations for interest rate cuts fall again. Expectations for lowering interest rates faded following the hawkish tone adopted in the U.S. Federal Reserve’s latest minutes released late Wednesday.
At 11am PT today, Gold is up $1 from yesterday, trading at $2335.

SILVER

Silver has tested it very important $30 resistance level numerous times in over-night trading. After reaching a high of $32.56 per ounce this week, Silver seen heavy profit-taking in the past two days. $30 is a key support level and Silver should hold. This is an outstanding opportunity to add to your Silver holdings, because the long-term looks strong.
At 11am PT today, Silver is trading at $30.31, up $0.11 from yesterday.