Daily Market Report 7/22/16

GOLD

Gold moved lower this morning on light trading volume. There was excellent support above $1,320 per ounce with a lack of sellers. At 11am PDT today, Gold is trading at $1,324 per ounce, down $7 on light volume.

SILVER

Silver tested the $20 per ounce resistance level this morning, reaching a high of $19.97 per ounce. At that point I saw some short term profit taking, which took the price down to $19.55 per ounce. At 11am PDT today, Silver is down $0.10, trading at $19.66 on average