GOLD & SILVER Test Key Support Levels And Rally Back

GOLD

The Gold price moved sharply lower this morning and hit three-week lows in late-morning U.S. trading. News reports that the Hezbollah group based in Lebanon wants to discuss a ceasefire with Israel drove the Gold price to $2,603 before rallying back.

At 11am PT today, Gold is trading at $2,617 per ounce, down $31 on excellent volume.

SILVER

The Silver price dropped to $30.07 per ounce on the ceasefire news and quickly moved higher on heavy buying. Demand has been strong for many of the popular Silver investment coins and bars.

At 11am PT today, Silver is down $1.35 per ounce, trading at $30.45 on sizeable volume.