Gold & Silver Testing Key Support Levels

GOLD

Gold traded today between $2,026 and $2,040 per ounce as the price continues to consolidate. A number of 2023 U.S. economic indicators are due this week, and these should support the next Gold rally.

At 11am PT today, Gold is trading at $2,028 per ounce, up $1 on average volume.

SILVER

Silver broke below the key $23 support level, reaching a low of $22.91 before seeing bargain buying. Many of the world’s largest mints are rolling out new 2024 coins with limited quantities available.

At 11am PT today, Silver is down $0.13 per ounce, trading at $22.98 on good volume.