Daily Market Report 05/13/14

GOLD

Gold traded in a very tight $9 price high/low range today ($1,298 to $1,289 per ounce). The precious metal markets are waiting for some announcement or news that can give it a short term direction. At 11am PDT today, Gold is trading at $1,293, down $3 per ounce on average volume.

SILVER

Silver showed good demand at the $19.33 price level this morning and has traded in a tight range today. At 11am PDT today, Silver is down $0.04, trading at $19.52 per ounce on light volume.