Daily Market Report 2/24/15

GOLD

As Federal Reserve Chairman Janet Yellen speaks to the Senate Finance committee about interest rates staying unchanged for the next 3-4 months, Gold continues to move above and below the important $1,200 per ounce support level. At 11am PST today, Gold is trading at $1,198 per ounce, down $4 per ounce on average trading volume.

SILVER

Silver has been on the defensive since the Asian open, hitting a low of $16.09 before serious buying appeared. At 11am PST today, Silver is down $0.10 per ounce, trading at $16.26 per ounce on average volume.