Daily Market Report 6/7/16

GOLD

Gold continues to consolidate last Friday’s $30 per ounce increase. For the most part of today, Gold is trading in the $1,240 to $1,245 per ounce range. A move above $1,250 per ounce later this week would be healthy and support the bullish sentiment. At 11am PDT today, Gold is trading at $1,245 per ounce, unchanged.

SILVER

Silver found aggressive buying when it reached a low of $16.23 this morning. There continues to be price resistance when it reaches the $16.50 level. At 11am PDT today, Silver is unchanged, trading at $16.42 per ounce.