Daily Market Report 12/24/15

GOLD

The high/low trading range for Gold continues to tighten this morning on light holiday volume. Today’s high was $1,077.20 and the low was just $6 less as the Gold price consolidates. I am still a little concerned about possible year-end tax selling, but if we can get to the end of the year in this range, I would be very happy. At 11am PDT today, Gold is trading at $1,076, up $7 per ounce on light volume.

SILVER

Silver continues to find fresh buying and excellent support above $14.20 per ounce. Silver reached a high today of $14.43 per ounce before seeing some light profit taking. At 11am PDT today, Silver is up $0.10 per ounce, trading at $14.40 on very low trading volume.