Daily Market Report 08/12/14

GOLD

The Gold prices moved higher in early trading based on some safe-haven demand offsetting a much stronger U.S. Dollar. Gold reached $1,317 before seeing short term selling. At 11am PDT today, Gold is up $2 per ounce, trading at $1,310 on light volume.

SILVER

For most of the trading day, Silver traded over $20 per ounce. Then, as we approached the close of trading, Gold sold off and Silver moved under the important $20 per ounce support level. At 11am PDT today, Silver is trading at $19.95 per ounce, down $0.07 per ounce on average volume.