Daily Market Report 12/12/14

GOLD

Gold trading is slow today as the price stays in the low $1,220 per ounce area. This week’s consolidation is very healthy for the short and long term price of Gold.

At 11am PST today, Gold is trading at $1,222 per ounce, down $4 per ounce on light volume.

SILVER

Silver continues to test and hold above the key $17 per ounce support level. This morning Silver reached a low of $16.97 then quickly rallied back.

At 11am PST today, Silver is down $0.02 per ounce, trading at $17.05 per ounce.