Daily Market Report 6/22/16

GOLD

For most of today’s Asian and European trading, Gold has stayed in a narrow $10 high/low trading range. The precious metal markets are waiting for direction from tomorrow’s Brexit vote or any comments from Janet Yellen on future interest rates. At 11am PDT today, Gold is trading at $1,266 per ounce, down $4 on average volume.

SILVER

Silver reached a low of $17.11 per ounce in early trading, then rallied back to $17.35 before bargain buyers disappeared. Holding above the $17 per ounce support level is important for Silver. At 11am PDT today, Silver is down $0.04, trading at $17.26 per ounce on normal volume.