Daily Market Report 05/01/14

GOLD

Yesterday’s Federal Reserve statement on the economy was a slight negative to Gold and it reacted with a sell off today. Gold reached a low of $1,277 early this morning before bargain buying appeared. At 11am PDT today, Gold is trading at $1,282 per ounce, down $13 on average volume.

SILVER

This morning Silver hit the lowest price for 2014, trading at $18.75 per ounce before sizeable buying appeared. Silver quickly rallied back above the $19 per ounce support level. At 11am PDT today, Silver is down $0.14, trading at $19.01 per ounce on average volume.