Daily Market Report 10/20/15

GOLD

Reports that some of the World’s leading central banks are increasing their Gold buying have given support to the Gold price this morning. Gold reached a low of $1,167.30 in early Asian trading before the report was released and quickly rallied back to $1,180 before seeing some light selling. At 11am PDT today, Gold is trading at $1,175 per ounce, up $3 on average volume.

SILVER

Silver rallied on the Gold news, briefly breaking above the $16 per ounce resistance level. Silver seems to be creating a short term trading range between $15.70 and $16 per ounce. At 11am PDT today, Silver is up $.08 per ounce, trading at $15.88 per ounce on normal volume.