Daily Market Report 10/21/15

GOLD

Gold reached a low this morning of $1,164 per ounce before see some light buying. Gold appears to be staying in its new trading range between $1,150 and $1,190 per ounce, awaiting some fresh news. Russia is increasing its Gold purchases, buying 34.2 metric tonnes of Gold in September. Read the article at: http://www.mintstategold.com/investor-education/russia_accumulates_more_gold/

At 11am PDT Today, Gold is trading at $1,166 per ounce, down $9 on normal volume.

SILVER

Silver found some fresh demand this morning when it reached a low of $15.62 per ounce. That fresh demand moved the price higher, reaching $15.98 per ounce. Many professional traders like short selling Silver when it reaches the $16 level. At 11am PDT today, Silver is down $0.15 per ounce, trading at $15.73 on average volume.