Daily Market Report 8/3/15

GOLD

Gold is trading in a narrow $9 high/low price range from $1,089 to $1,098 per ounce. I am seeing good demand on the low end of the trading range, while seeing selling when it reaches the $1,100 resistance level. At 11am PDT today, Gold is trading at $1,090.50 per ounce, down $7.50 per ounce on average volume.

SILVER

Silver continues to trade between $14.50 and $14.90 in active markets. Physical demand is very strong worldwide, with shortages in many of the active markets. At 11am PDT today, Silver is down $.30 per ounce, trading at $14.50 per ounce on excellent volume.