Daily Market Report 4/20/15

GOLD

This morning Gold broke down below the $1,200 resistance level again as the U.S. stock market recoups much of Friday’s big loss. A speech by New York Fed President Dudley, in which he reiterated his stance that he hopes the FOMC will begin raising rates later this year, also put pressure on the precious metal prices. At 11am PDT today, Gold is trading at $1,195 per ounce, down $9 on active trading

SILVER

This morning the Silver price reached a low of $15.85 per ounce, breaking the $16 resistance level, on active trading volume. Buyers came in and the price quickly rallied $0.10 per ounce. At 11am PDT today, Silver is down $0.32, trading at $15.95 per ounce in active trading.