This morning Gold hit a low of $1,247.20 before finding bargain buyers. The Gold price quickly bounced back above the key $1,250 support level and now is trading around $1,254 per ounce. At 11am PDT today, Gold is down $5 per ounce, trading at $1,252 on average volume.
Silver opened sharply lower in Asian and European markets at $17.73 per ounce. Silver then hit $18.04 per ounce before breaking below the $18 support level. At 11am PDT today, Silver is trading at $17.90 per ounce, down $0.16 on normal volume.