Silver Breaks Below The Key $29 Per Ounce Level

GOLD

In early morning trading in China, Gold saw some light selling, taking the price down to $2,315 per ounce. As the market rolled into Europe and the U.S., buyers appeared and moved the price back over $2,320 per ounce.
At 11am PT today, Gold is trading at $2,319 per ounce, down $14 on average volume.

SILVER

Silver broke the $29 level and quickly moved to $28.81 on short-selling. Trading volume is light because of the summer markets, so we didn’t see much bargain buying.
At 11am PT today, Silver is down $0.63 per ounce, trading $28.93 on average volume.