Daily Market Report 8/1/16

GOLD

This morning Gold has traded above and below the key $1,350 support/resistance level. Demand continues to be strong for both physical Gold and futures contracts. At 11am PDT today, Gold is trading at $1,353 per ounce, unchanged from Friday on good volume.

SILVER

Silver reached a low of $20.28 this morning. At that price, major buying hit the Asian markets, driving the price to $20.50 per ounce. At 11am PDT today, Silver is up $0.10 per ounce, trading at $20.42 on excellent volume.

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