Daily Market Report 8/14/15

GOLD

For most of today’s trading Gold stayed within a narrow $5 high/low price range between $1,113 and $1,118 per ounce. Gold moved above the key $1,100 per ounce resistance level on Monday and held above $1,100 the remainder of the week. Breaking the recent downtrend is a very bullish sign for the future of the Gold price. At 11am PDT today, Gold is trading at $1,113 per ounce, down $3 on average Friday volume.

SILVER

Today, there was some profit-taking selling, driving the Silver price down to $15.19 at one point. For most of today’s trading Silver did stay between $15.22 and $15.30 per ounce. At 11am PDT today, Silver is down $0.23 per ounce, trading at $15.24 per ounce on light volume.