Gold & Silver Test Support Levels And Rally Back

GOLD

The financial markets were very active this week. D/J Stocks down 1,200 in the past two days and Bitcoin dropping 10,000 this week, while Gold stays above $4,000 per ounce and is higher on the week. Gold reached a high of $4,211 in London this morning before seeing weekend profit-taking in New York.

At 11am PT today, Gold is trading at $4,100, down $55 on normal volume.

SILVER

Silver had an extraordinary price range this morning. Silver made a high of $53.60 during Asian trading today and then turned south during New York trading. Silver tested the key $50 per ounce support level and quickly rallied higher.

At 11am PT today, Silver is down $1.30, trading at $51 on excellent volume.