Daily Market Report 7/6/16

GOLD

Gold reached a new 2016 high of $1,375.50 per ounce before seeing some short term profit taking. Demand continues to be strong on both physical and commodity markets. At 11am PDT today, Gold is trading at $1,367 per ounce, up $12 on excellent volume.

SILVER

Silver has been trading actively above and below the key $20 per ounce support/resistance level today. Silver reached a high of $20.53 before sellers appeared, driving the price down to $19.85. At 11am PDT today, Silver is up $0.20, trading at $20.10 per ounce on good volume.