Daily Market Report 7/23/15

GOLD

During the past three days Gold has traded above and below the important $1,100 per ounce price level. Gold has seen resistance with light selling at $1,107, and support with excellent demand at $1090 per ounce. A break above or below this trading range will give us a good indication of the short term price direction. At 11am PDT today, Gold is unchanged, trading at $1,094 per ounce on average volume.

SILVER

Silver continues trying to break above the $15 per ounce resistance level with little success. However, Silver has excellent support and strong demand in the $14.60 price level. At 11am PDT today, Silver is down $.06, trading at $14.74 per ounce on normal volume.