Daily Market Report 8/26/15

GOLD

Today, the World’s equity markets and the U.S. Dollar were stronger and the precious metals were weaker. Gold found excellent demand and bargain buyers at the $1,120 per ounce level this morning. At 11am PDT today, Gold is trading at $1,128 per ounce, down $12 per ounce on large volume.

SILVER

This morning Silver hit a six year low of $13.96 per ounce, breaking below the July 24th, 2015 low of $14.33 per ounce. In early Asian trading, major Silver buyers appeared at the record low levels, driving the price back above the $14 level. At 11am PDT today, Silver is down $0.58, trading at $14.14 per ounce on large volume.