Daily Market Report 04/15/14

GOLD

After Gold reached $1,331 per ounce, on mounting tensions over the weekend in Ukraine yesterday, today Gold tested its $1,300 per ounce resistance level. Technical traders sold Gold down to $1,285 this morning, before rallying back to above $1,300 per ounce. At 11am PDT today, Gold is down $26 per ounce, trading at $1,301.50 on heavy volume.

SILVER

This morning Silver sold off with Gold, reaching a low of $19.21 before substantial buying appeared, driving it up $0.30. At 11am PDT today, Silver is trading at $19.52 per ounce, down $0.47 per ounce on almost double yesterday’s volume.