Daily Market Report 5/6/15

GOLD

Gold is trading within a narrow $10 high/low range today, between $1,198 and $1,188 per ounce. Many of the professional commodity traders are looking for news that will give this market some direction. At 11am PDT today, Gold is trading at $1,192, down $2 per ounce, on normal trading volume.

SILVER

Silver is showing excellent support above the $16.40 per ounce level, with fresh buying coming into the market every time Silver reaches that price area. At 11am PDT today, Silver is down $0.06 per ounce, trading at $16.50 on average volume.

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