Daily Market Report 6/1/15

GOLD

This morning Gold briefly broke above the important $1,200 per ounce resistance level on heavy Asian buying. After reaching a high of $1,204.50, short term profit taking hit the market, driving the price down to $1,185 per ounce. At 11am PDT today, Gold is trading at $1,189 per ounce, down $1 on excellent volume.

SILVER

Silver rallied with Gold this morning, reaching $17.20 per ounce on heavy demand, and then sold off. Silver then found bargain buyers around the $16.60 area and moved higher. At 11am PDT today, Silver is unchanged from Friday’s close at $16.74 per ounce on heavy trading volume.