Silver Was Hit Hard

GOLD

The morning report indicated that U.S. Consumer confidence surged to a 5-month high in January and caused short-term profit taking in the Gold market as the U.S. equity markets rallied back.
After reaching a high of $1,588 Gold closed at $1,578 yesterday. Gold saw an $8 correction today.At 11am PT today, Gold is trading at $1,570, down $8 on average volume.

SILVER

Silver was hit hard, reaching a low of $17.40 per ounce before seeing heavy bargain buying.
Aggressive buying took the price back above the important $17.50 per ounce support level.
At 11am PT today, Silver is down $0.60 per ounce, trading at $17.47 on heavy volume.