Gold & Silver Trading Below Key Support Levels

GOLD

Iran has stated that peace negotiations had been suspended. Iran has attacked the Kuwait airport and Bahrain. Gold fell $50 on the news and reached a low of $4,426 before seeing bargain buying.

At 11am PT today, Gold is trading at $4,438, down $45 per ounce on average volume.

SILVER

Silver sold off with Gold, reaching a low of $73.01 per ounce. Silver’s long-term support level is the $70 per ounce level.

At 11am PT today, Silver is down $1.87 per ounce, trading at $73.35 on normal volume.