Daily Market Report 07/25/14

GOLD

Gold trading volume is surprisingly high for a Friday, but with Gold moving back above the $1,300 resistance/support level it’s a good sign. Demand for Gold is primarily coming from the U.S. commodity markets. At 11am PDT today, Gold is trading at $1,302 per ounce, up $12 per ounce on excellent volume.

SILVER

Silver moved higher today, following Gold’s lead, but did not test the important $21 per ounce resistance level. At 11am PDT today, Silver is up $0.23 per ounce, trading at $20.59 on average volume.