Daily Market Report 07/01/14

GOLD

Gold is trading today at a 3 month high, with trading volume and open interest on the CME continuing to pick up. Gold made its first attempt at breaking the $1,332 per ounce resistance level this morning, by reaching $1,332.50 for a short period before seeing short term profit taking. At 11am PDT today, Gold is trading at $1,326 per ounce, up $5 per ounce on good volume.

SILVER

Silver unsuccessfully attempted to break the $21 per ounce support level this morning, reaching $20.97 at one point. Silver is showing excellent accumulation above $21 and hit a three month high of $21.25 during trading. At 11am PDT today, Silver is down $0.04, trading at $21.06 per ounce on excellent volume.