Daily Market Report 3/21/17

GOLD

The value of the U.S. Dollar and stock markets dropped today and Gold moved up $13 per ounce. Professional traders are beginning to think the Trump stock market rally has ended and are looking at precious metals. At 11am PDT today, Gold is up $13, trading at $1,246 per ounce on excellent volume.

SILVER

Silver followed Gold higher, reaching a high of $17.63 per ounce on excellent worldwide demand. After last week’s bounce off the bottom ($16.83) we are seeing professional traders taking on new long positions in the May CME contracts. At 11am PDT today, Silver is trading at $17.55 per ounce, up $0.13 on good volume.