Daily Market Report 10/21/13

GOLD

After last week’s $46 rally, Gold is building an excellent trading range in the $1,310 to $1,325 per ounce level. This trading action shows excellent consolidation for Gold, while staying above the key $1,300 per ounce support level. At 11am PDT today Gold is trading at $1,316, down $7 from Friday’s close on average trading volume.

SILVER

Finally, Silver is preforming better than Gold today, moving above the key $22 per ounce level on good volume. At 11am PDT today, Silver is up $0.32 per ounce, trading at $22.25 per ounce on better than average volume.