Daily Market Report 10/30/15

GOLD

This was not a happy week for Gold investors. After breaking down below the key $1,150 support level yesterday, the bears came back. Today, Gold is closing on the lows of the week due to light margin call selling. At 11am PDT today, Gold is trading at $1,142 per ounce, down $6 on normal weekend light volume.

 

SILVER

Silver initially sold off with a higher percentage with Gold on Wednesday and Thursday. But, Silver has found excellent price support this morning above $15.50 per ounce, while Gold continues to drop. At 11am PDT today, Silver is unchanged, trading at $15.58 per ounce on light volume.

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