Daily Market Report 6/30/15

GOLD

On reports of a possible bailout being offered to Greece by the ECU, Gold sold off. Gold reached a low of $1,167 per ounce, before bargain buyers appeared. After a statement by Germany’s Chancellor Angela Merkel saying there would not be any possible bailout until after the referendum vote this weekend, Gold bounce back. At 11am PDT today, Gold is trading at $1,172 per ounce, down $3 on excellent volume.

SILVER

Silver reached a low of $15.46 in early trading when Gold hit its lows. Silver quickly bounced back reaching a high of $15.91. At 11am PDT today, Silver is trading at $15.70 per ounce, down $0.05 on excellent volume.