Daily Market Report 7/29/16

GOLD

Yesterday’s rally continues with Gold briefly moving back above the key $1,350 per ounce level. There was excellent demand in Asian markets this morning. At 11am PDT today, Gold is trading at $1,353, up $18 per ounce on excellent volume.

SILVER

Silver tested the $20 support level this morning, reaching $19.95 per ounce. At that point, bargain buying appeared and the price quickly moved back to $20.25 per ounce. At 11am PDT today, Silver is up $0.14 per ounce, trading at $20.32 on good volume.