Daily Market Report 4/13/15

GOLD

As the U.S. Dollar strengthened, the price of Gold traded in a narrow $13 high/low trading range. Today, Gold reached a high of $1,209 and a low of $1,196 per ounce on normal trading volume. The $1,200 resistance/support level is important and I expect to see Gold hold that level. At 11am PDT today, Gold is trading at $1,200.50 per ounce, down $5.50 on average volume.

SILVER

Silver is following Gold’s lead today by trading in a narrow price range. I am seeing excellent demand for Silver in the $16.25 range. At 11am PDT today, Silver is down $0.10 per ounce, trading at $16.35 on normal volume.