Daily Market Report 1/21/16

GOLD

A strong equity market and U.S. Dollar caused some selling in the Gold market this morning. The bears were able to drive the Gold price below the $1,100 per ounce support/resistance level, reaching $1,092 per ounce. However, buyers quickly came back and the price rallied back above the $1,100 level. At 11am PST today, Gold is trading at $1,101 per ounce, down $3 on active volume.

SILVER

Silver sold off with Gold this morning, reaching a low of $13.86 per ounce. However, Silver was able to move back above the $14 per ounce level in European and U.S. trading. At 11am PST today, Silver is down $0.04, trading at $14.13 on normal volume.