Gold & Silver Testing Key Long-Term Support Levels

GOLD

As Gold started trading around the globe last night and this morning, the price of Gold stayed in a $20 range, between $2,666 and $2,686 per ounce. As the Gold market rolled into London and U.S. sellers appeared, the Gold price moved lower to test the key long-term support level of $2,600 per ounce.

At 11am PT today, Gold is trading at $2,619 per ounce, down $66 per ounce on heavy volume.

SILVER

This morning the Silver price fell with Gold, reaching a low of $30.32 before finding bargain buying. $30 per ounce is a key long-term support level and the Silver price could test that level a few times in November.

At 11am PT today, Silver is down $0.75 per ounce, trading at $30.60 on excellent volume.