Daily Market Report 3/24/15

GOLD

Gold tested a recent high of $1,196 per ounce during London trading today as it continues to close in on the important $1,200 level. Gold is holding in a very narrow $1,185 - $1,196 range today and looks good as it consolidates for its next run. At 11am PST today, Gold is trading at $1,194 per ounce, up $4 on above average volume.

SILVER

Silver is trading around $17 per ounce again after a very strong weekly gain of almost 10%. Silver is following Gold’s lead and is consolidating in a narrow range around the $17 level. At 11am PST today, Silver is trading at $17.06 per ounce, down $0.02 on light volume.