Daily Market Report 5/13/16

GOLD

After testing support by reaching a low of $1,265 per ounce, bargain buying appeared. I would like to see Gold end the week above the $1,260 per ounce level, staying in its recent trading range. At 11am PDT today, Gold is up $2 per ounce, trading at $1,273 on weekend type volume.

SILVER

Silver is trading above and below the $17 per ounce level today. Silver reached a high of $17.20 and a low of $16.80 per ounce this morning. At 11am PDT today, Silver is trading at $17.12 per ounce, down $0.02 per ounce on average volume.