Daily Market Report 5/21/15

GOLD

Gold tested the important $1,200 per ounce support level this morning, reaching $1,201.60. Gold held that level (on buying based on technical fundamentals) and rallied higher. At 11am PDT today, Gold is trading at $1,204, down $6 on good volume.

SILVER

Like Gold, Silver also tested its important recent support level of $17 per ounce and held this morning. At 11am PDT today, Silver is unchanged for the second day in a row and is trading at $17.12 per ounce on light volume.