Daily Market Report 8/10/15

GOLD

Gold traded down to $1,089 per ounce in early trading. Gold found excellent support and demand at that level and quickly rallied back to the $1,110 area. It appears that many of the short sellers are covering their sales. At 11am PDT today, Gold is trading at $1,105 per ounce, up $11 on active trading.

SILVER

Today: in early trading Silver reached a high of $15.01 per ounce, but quickly sold off to $14.90 on good volume. Now, Silver has rebounded, reaching a high of $15.40 per ounce, and will hopefully stay above $15.00 with active trading. At 11am PDT today, Silver is up $0.42 per ounce, trading at $15.30 per ounce in very active trading.