Daily Market Report 06/16/14

GOLD

The civil war in Iraq continues to worsen, as military activity is spreading to other cities. The Oil price is increasing and the demand for Gold is growing. At 11am PDT, Gold is trading at $1,274 per ounce, down $1 per ounce on normal volume.

SILVER

Silver hit a high today of $19.91 before seeing any selling. To gain back the bullish sentiment from many commodity traders, we need to see Silver break back above $20 per ounce. At 11am PDT today, Silver is up $0.03, trading at $19.71 per ounce on average volume.