Daily Market Report 1/11/16

GOLD

This morning the Gold price has been in a tight $8 high/low range, just above and below the important $1,100 resistance/support level. Trading volume has been strong as Gold tries to consolidate above the $1,100 per ounce level. At 11am PDT today, Gold is trading at $1,097, down $4 on excellent volume.

SILVER

$14 per ounce continues to be a difficult level for the Silver price to move above. Trading is active and demand is very healthy, but traders continue to be bearish. At 11am PDT today, Silver is down $0.17 per ounce at $13.86 on normal volume.