Daily Market Report 6/23/16

GOLD

Gold is trading in a tight range awaiting the results of the Brexit vote in Great Britain. For most of the day, Gold has been in the $1,257 to $1,266 range. The trading bias is favoring that the British will be stay in the European Union. At 11am PDT today, Gold is down $5 per ounce, trading at $1,261 on excellent volume.

SILVER

Silver is following the Gold trading and finding support around $17.20 per ounce. If the British vote to stay in the European Union, I think Silver will test the $17 per ounce support level. At 11am PDT today, Silver is up $0.06, trading at $17.32 per ounce on normal volume.