Daily Market Report 7/25/16

GOLD

This morning, Gold is trading with light volume and reached a low of $1,312.30 per ounce. Gold is trading at a four week low while waiting for short term direction after the Federal Reserve meeting and statement later this week. At 11am PDT today, Gold is trading at $1,320 per ounce, down $4 on light volume.

SILVER

When Silver reached a low of $19.29, buyers appeared and the price quickly rallied higher. Silver needs to move back above the key $20 price level quickly to keep the short term rally positive. At 11am PDT today, Silver is down $0.03, trading at $19.63 on normal volume.