Daily Market Report 12/29/14

GOLD

The Gold price rallied last Friday on light volume, testing the $1,200 per ounce resistance level but quickly returned to the $1,180 level this morning. The U.S. Dollar remains strong, trading at under $1.20 per Euro. At 11am PST today, Gold is trading at $1,183 per ounce on average holiday-week volume.

SILVER

Silver is having a difficult time rallying above the $16 per ounce resistance level. There aren’t many sellers, just a lack of buyers during this holiday period. At 11am PST today, Silver is up $0.03 since last Wednesday, trading at $15.80 per ounce.