Daily Market Report 7/15/16

GOLD

The Bank of England (BoE) was expected to lower its interest rate by ¼ of percent, but decided against it and the Gold market sold off, reaching a low of $1,322 per ounce. Again, like in the recent past, Gold found fresh bargain buyers driving up the price. At 11am PDT today, Gold is trading at $1,328 per ounce, down $5 on good volume.

SILVER

Once again, Silver tested the $20 per ounce support level and held. Demand for physical investment Silver products appears to be growing as dealers around the globe report shortages. At 11am PDT today, Silver is down $0.16 per ounce, trading at $20.10 on normal Friday volume.