Daily Market Report 10/18/13

GOLD

In active trading for Friday, Gold sold off slightly after yesterday’s $40 rally. It is very positive that Gold is staying well above the key $1,300 per ounce support level.

At 11am PDT today, Gold is trading at $1,314 per ounce, down $9 in active trading.

SILVER

Silver again moved above the $22 resistance level, but couldn’t hold. Silver needs to move above $22 per ounce on good volume next week for professional trader to get short term bullish.

At 11am PDT today, Silver is down $0.05, trading at $21.88 per ounce, on average Friday volume.