Daily Market Report 12/22/14

GOLD

Gold rallied above the $1,200 per ounce level this morning but couldn’t hold. Bears were able to drive the price down to $1,173.50 before a substantial amount of bargain buyers appeared.

At 11am PST today, Gold is trading at $1,175 per ounce, down $21 on average volume.

SILVER

A strong U.S. Dollar caused the Silver price to fall from the opening, reaching a low of $15.50 per ounce. At that point buyers appeared and rallied the price $0.15 per ounce higher.

At 11am PST today, Silver is down $0.24, trading at $15.68 per ounce on normal trading volume.