Daily Market Report 11/15/13

GOLD

Gold traded in a thin $11 per ounce high/low range today. There was no significant news released today that would give the Gold price direction, plus being Friday trading was light. At 11am PDT Today, Gold is up $3 per ounce, at $1,288 per ounce on light volume.

SILVER

Right now Silver is acting as if it will test the critical $20 per ounce support level, then we will see if there is are any major players that want to take a sizeable position. Silver needs to break above the $21 and $22 price level for traders to turn short term bullish. At 11am PDT today, Silver is unchanged at $20.74 per ounce on light trading.

The U.S. Mint announced that year to date that sales have surpassed 40 million for the 1oz .999 Silver Eagles, an all-time record high, with 1 ½ months left to fill orders.