Daily Market Report 9/3/15

GOLD

Gold tested its $1,120 per ounce support level this morning and held. Gold’s recent short term trading range is between $1,120 to $1,150 per ounce. It is important that Gold holds that range for now. At 11am PDT today, Gold is trading at $1,125 per ounce, down $10 on average volume.

SILVER

Silver has been showing more price support and demand then Gold. The price of Silver hit its resistance level of $15 this morning there was some short term profit taking by professional traders. At 11am PDT today, Silver is up $0.05 per ounce, trading at $14.73 on excellent volume.