Gold Staying Above $4,000 Support, While Silver Tests $60

GOLD

Gold dropped below $4,000 in overseas trading last night in China and India, but rallied back in London.
When Gold started trading in the U.S., it moved up to a high of $4,064 before seeing selling.
It’s very important that Gold stay above this key $4,000 major support level.

At 11 am PT today, Gold is trading at $4,030 per ounce, up $8 on normal volume.

SILVER

Silver reached a low of $56.83 last night in Chinese trading, but started rallying back in India.
Silver broke above the key $60 level in U.S. trading early this morning.
Silver reached a high of $60.55 before seeing selling.
$60 is a key level for Silver right now and needs to move back above that level ASAP.

At 11 am PT today, Silver is up $1.50, trading at $59.65 per ounce on average volume.