Gold Tests $1800 In Hong Kong And London Trading

GOLD

Overnight Gold appeared to test the $1800 level in Hong Kong and London trading, but is seeing good support. The U.S. Dollar has dropped slightly in our morning trading which appears to have slightly helped the metal. Overnight trading found some strong support at the $1800 level while buying actively was fairly calm. At 11am PST Gold is $1805.55 up by $5.55 on slightly above average trading volume.

SILVER

As the US Market was opening this morning, Silver took a little hit and dropped below the $25 level. We saw strong support come in around the $24.60-$24.70 level and the prices are on the way back up based on current charts. Not seeing any major information as to why this happened as fundamentals are still strong. Hopefully more information will become available in the not too distant future. At 11am PST Silver is $24.82 down by $0.42 on above average trading volume.