Daily Market Report 10/23/15

GOLD

Gold continues to consolidate in the tight trading range between $1,160 and $1,180 per ounce. I believe Gold will resume its recent rally to the higher end of the trading range next week. At 11am PDT Today, Gold is trading at $1,163 per ounce, down $4 on average Friday volume.

SILVER

Silver showed excellent demand in early Asian trading this morning, rallying up to $16.11 per ounce. But, Silver again failed to hold above the key $16 level, dropping back to $15.80 per ounce. At 11am PDT today, Silver is up $0.02 per ounce, trading at $15.85 on light volume.