Daily Market Report 06/24/14

GOLD

Today, Gold traded within its recent trading range of $1,310 to $1,330 per ounce. I really like the way Gold is consolidating in this price range after last week’s $42 rally. At 11am PDT today, Gold is trading at $1,319 per ounce, up $2 on average volume.

SILVER

This morning, Silver moved above the $21 per ounce resistance level, reaching a high of $21.19. More importantly, it held and closed above this level. At 11am PDT today, Silver is up $0.08 per ounce, trading at $21.01 per ounce, on average volume.