Daily Market Report 8/6/15

GOLD

Physical and future demand was very strong in overnight trading and Gold quickly rallied to its high of $1,094 per ounce. There are one or more major buyers on many of the world’s Gold exchanges when Gold gets into the $1,080 area. At 11am PDT today, Gold is up $4 per ounce, trading at $1,090 per ounce on excellent volume.

SILVER

Silver continues to test and hold its support level of $14.50 per ounce. Demand is strong and bargain buyers are active. At 11am PDT today, Silver is up $0.10 per ounce, trading at $14.72 per ounce on good volume.