Silver Testing $15 Support Level
Gold reached $1,282 in early morning trading as margin call selling hit the market. At that point sizeable buying appeared and took the price up $5 per ounce. At 11am PT today, Gold is trading at $1,289 per ounce, down $3.50 from last Friday’s close on excellent volume.
Silver tested the $15 support level this morning, reaching a low of $15.01 per ounce on margin call selling. At that price sizeable buying came in and the price rallied $.10 per ounce. At 11am PT today, Silver is down $0.06 per ounce, trading at $15.11 on excellent volume.