Daily Market Report 12/22/15

GOLD

Gold is consolidating in a narrow $9 high/low range, from $1,072 to $1,081 per ounce. There is short term support at $1,065 and resistance at $1,085. This is bullish after reaching the 2015 lows last week. At 11am PDT today, Gold is trading at $1,073 per ounce, down $7 on average volume.

SILVER

Silver is showing excellent demand above $14.20 per ounce. Silver has short term support at $14 and resistance at $14.50 and today’s consolidation is very healthy. At 11am PDT today, Silver is unchanged at $14.30 per ounce on light volume.