Daily Market Report 6/22/15

GOLD

This morning’s strong U.S. Dollar versus the Euro and Yen, plus weaker demand for physical Gold, has resulted in a drop of $14 per ounce. Signs of progress in the Greek debt negotiations also put pressure on the Gold price. At 11am PDT today, Gold is down $17, trading at $1,185 per ounce on light volume.

SILVER

This morning, Silver amazingly rallied $0.06 an ounce in the face of a $14 drop in Gold. Silver tested the $16 per ounce level this morning, reaching $16.03 when Gold sold off, then quickly rallied $0.10 per ounce. At 11am PDT today, Silver is trading at $16.18, up $0.01 per ounce on average volume.