Daily Market Report 4/14/15

GOLD

The Chinese released some negative economic data this morning which drove down the price of Gold, testing support at $1,183.50 per ounce. Gold continues to consolidate in the $1,180 to $1,220 per ounce price range. At 11am PDT today, Gold is trading at $1,193 per ounce, down $7 per ounce on better than average trading volume.

SILVER

When Gold dropped this morning Silver tested the key $16 per ounce support barrier. Silver actually reached $15.97 for a very short period before fresh buying appeared. At 11am PDT today, Silver is down $0.10 per ounce, trading at $16.25 per ounce on good volume.