Daily Market Report 4/8/15

GOLD

Gold tested the very important $1,200 support level this morning, reaching a low of $1,200.70 per ounce. At that point trading volume increased as fresh buyers appeared, rallying the price back to $1,205 per ounce. At 11am PDT today, Gold is trading at $1,205 per ounce, down $5 on better than average trading volume.

SILVER

This morning Silver tried to rally back above the $17 per ounce level and failed, reaching a high of only $16.95. Silver then fell to its recent low of $16.42 before finding demand. At 11am PDT today, Silver is down $0.30 per ounce, trading at $16.55 on normal volume.