Daily Market Report 07/16/14

GOLD

Gold has traded in a narrow $10 trading range today, between $1,293 and $1,303 per ounce. The bulls in the Gold market are fighting to keep the spot price above the key $1,300 price level. At 11am PDT today, Gold is up $2 per ounce, trading at $1,299 on normal volume.

SILVER

Silver could not move back above the $21 per ounce resistance level today. Silver did reach a high of $20.86 per ounce today before seeing fresh shorting, driving the price down to $20.56 per ounce. At 11am PDT today, Silver is trading at $20.70 per ounce, down $0.12 on normal volume.