Daily Market Report 9/23/15

GOLD

Gold reached a low of $1,121 in early Asian trading. At that point, Gold showed excellent support and quickly attracted fresh buyers. As Gold trading rolled into Europe the buying continued, breaking above $1,130 per ounce. When New York opened, Gold rallied to $1,134 per ounce. It is important that Gold consolidate in the current $1,120 to $1,150 trading range. At 11am PDT today, Gold is trading at $1,132 per ounce, up $6 on normal volume.

SILVER

Silver reached $14.96 this morning, unable to break above the key $15 per ounce level. Today’s trading range was from $14.71 to $14.96 per ounce. At 11am PDT today, Silver is unchanged at $14.80 per ounce on average volume.