Daily Market Report 6/8/15

GOLD

This morning Gold found excellent demand in the $1,169 per ounce area. Gold has traded today in a narrow $8 high/low price range, from $1,169 to $1,177 per ounce. I would like to see Gold move back above the key $1,180 per ounce level. At 11am PDT today, Gold is trading at $1,174 per ounce, up $5 on excellent trading volume.

SILVER

Silver fell below the important $16 per ounce support level this morning, reaching a low of $15.88 per ounce. Trading volume is picking up as bargain buyers are aggressively purchasing physical Silver investment products. At 11am PDT today, Silver is down $0.03 per ounce, trading at $16.03 per ounce on respectable volume.