Daily Market Report 1/8/16

GOLD

Today Gold tested its $1,100 support level, reaching $1,093 per ounce, then quickly rallied above that level. Gold is fighting to stay above the $1,100 level at the moment as traders take their profits going into the weekend. At 11am PDT today, Gold is trading at $1,098 per ounce, down $9 on good volume.

 

SILVER

Silver also tested its $14 per ounce support level this morning. Demand continues to be strong as the price consolidates at the current level. At 11am PDT today, Silver is trading at $13.94 per ounce, down $0.42 on average volume.

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