Daily Market Report 7/21/15

GOLD

After yesterday’s $53 high/low price volatility in Gold, today the price is trying to consolidate above $1,100 per ounce. Fresh buying has caused Gold to trade today between $1,097 and $1,110 per ounce on respectable volume. After reaching a low of $1,080 yesterday, it is important that Gold build support over the $1,100 per ounce price level. At 11am PDT today, Gold is trading at $1,104 per ounce, down $4 per ounce on average volume.

SILVER

Silver is finding excellent demand under $14.60 per ounce, while seeing light selling when it reaches $15.00 per ounce. At 11am PDT today, Silver is down $.05 per ounce, trading at $14.80 on normal volume.