Daily Market Report 05/05/14

GOLD

A combination of a weaker U.S. Dollar and an escalation of Ukrainian military action caused Gold to trade higher today.Today Gold hit a high of $1,316 before seeing profit taking and fresh short sales, which drove the market lower. At 11am PDT today, Gold is up $7 per ounce, trading at $1,309 on average volume.

SILVER

Silver traded in a narrow high/low price range today. The high today was $19.76, nowhere near the key $20 per ounce level it needs to surpass to become bullish. At 11am PDT today, Silver is trading at $19.55 per ounce, up $0.04 on average volume.