Daily Market Report 8/9/16

GOLD

Gold reached its recent $1,330 per ounce support level in Asian trading this morning. At that price fresh buying appeared, quickly rallying the price up $8 to $10 per ounce. At 11am PDT today, Gold is trading at $1,341 per ounce, up $5 on excellent volume.

SILVER

Silver is trading actively between $19.58 and $19.89 per ounce today. Demand continues to grow in this price range. At 11am PDT today, Silver is up $0.04, trading at $19.84 per ounce on good volume.

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