Daily Market Report 1/27/15

GOLD

Gold rallied this morning moving towards the key $1,300 per ounce resistance level. Gold reached a high of $1,297 per ounce today, with trading ranging from $1,288 to $1,294 most of the day. At 11am PST today, Gold is up $13 per ounce, trading at $1,293 on respectable volume considering the eastern snowstorm.

SILVER

After hitting a low of $17.66 earlier this morning, Silver moved back above the $18 per ounce level on excellent demand. At 11am PST today, Silver is trading at $18.10 per ounce, up $0.15 per ounce on good trading volume.