Daily Market Report 8/4/15

GOLD

Gold tested and held above its recent $1,080 per ounce support level early this morning, reaching a low of $1,081 per ounce. At that price, bargain buyers appeared and drove the price back above $1,090 per ounce. At 11am PDT today, Gold is trading at $1,089 per ounce, down $1.50 per ounce on average volume.

SILVER

Silver reached a low of $14.38 per ounce this morning when Gold tested its lows. Silver rallied with Gold back above the $14.50 level. At 11am PDT today, Silver is up $0.08 per ounce, trading at $14.58 per ounce on normal volume.