Precious Metal Markets Test Support Levels

GOLD

This morning a stronger U.S. Dollar Index, combined with talk of the Trump administration considering ways to limit U.S. money going into China, has driven the precious metal markets lower. Gold is testing the $1,470 per ounce support level. At 11am PT today, Gold is trading at $1,469 per ounce, down $32 on normal volume.

SILVER

The Silver price reached a low of $16.98 this morning, just below the important $17 per ounce support level. We are seeing increased demand for physical Silver investment products. At 11am PT today, Silver is down $0.57 per ounce, trading at $17.00 on excellent volume.