Daily Market Report 07/21/14

GOLD

After last week’s high volatility in the Gold price, it is nice to see some stability come back into the Gold pits. Today, Gold had a $10 high/low price range on trading volume, less than any day last week. Gold traders are looking for some consolidation in the market between $1,300 and $1,330 per ounce. At 11am PDT today, Gold is trading at $1,313 per ounce, up $4 on average volume.

SILVER

Silver has traded above and below the key $21 per ounce resistance/support level today. Today, traders were looking for fresh buying to help build a base above $21 per ounce. At 11am PDT today, Silver is up $0.11 per ounce, trading at $20.96 on average volume.