Daily Market Report 6/2/16

GOLD

Gold traded today in a narrow high/low range from $1,212 to $1,220 per ounce. It looks like traders are waiting for news to give the market a direction. At 11am PDT today, Gold is at $1,212 per ounce, up $1 on average volume.

SILVER

Silver really wants to stay above the $16 per ounce support/resistance level, but has traded as low as $15.92 today. Whatever news effects the Gold market will give Silver direction. At 11am PDT today, Silver is trading at $16.02, up $0.10 on normal volume.