Silver Makes First Major Correction

GOLD

Based upon renewed negotiations planned between the U.S. and China on the trade war, the stock market rallied over 400 points and the precious metal markets declined. Gold tested the important $1,500 per ounce support level and held, quickly bouncing back to $1,520 per ounce.At 11am PT today, Gold is trading at $1,521 per ounce, down $35 on very active volume.

SILVER

Silver fell with Gold, reaching a low of $18.42 per ounce before finding fresh buyers and professional short-covering. This is the first major correction since Silver broke above $16 last month.Silver has rallied off the lows, actively trading at $18.75. At 11am PT today, Silver is down $0.70 per ounce, trading at $18.75 on heavy volume.