Daily Market Report 3/23/17

GOLD

Today Gold made its second recent attempt to break above the key $1,250 resistance level, reaching a high of $1,253 per ounce before selling appeared. Price consolidation is very positive for Gold after the recent $50 rally. At 11am PST today, Gold is trading at $1,247 per ounce, down $2 on normal volume.

SILVER

Silver showed more strength than Gold today, reaching a high of $17.71 before seeing short term profit taking. Like Gold, Silver is also showing excellent price consolidation, trading in the $17.50 to $17.70 range. At 11am PST today, Silver is up $0.04 per ounce, trading at $17.60 on average volume.