Gold & Silver Smashed Again on Light Volume

With the US attention focused on Hurricane Sandy, gold and silver were unsurprisingly smashed again early Monday, with silver down .60 to $31.58, and gold down around $5 to $1707. 
Support at $31.60 failed to break down for the 4th time in silver, as the cartel continues to hammer at the level and tries to force silver back towards $30. 

Silver now sharply rebounding back to $32 with a last of $32.01:

Gold also sharply rebounding: gold bounced before $1700 could even be tested again:

Expect volatility to continue throughout the day today and likely tomorrow should the major US markets remain closed for Sandy.

In the meantime, we wish all of our east coast readers affected by Sandy the best, our prayers are with you and your family.