Daily Market Report 3/27/17

GOLD

This morning in Asian and European markets Gold broke through the $1,250 barrier, reaching a high of $1,261 per ounce on short covering. In U.S. markets, Gold saw some light selling at the $1,260 level. A lower stock market and weaker U.S. Dollar contributed to the Gold rally. At 11am PST today, Gold is up $6.50, trading at $1,255 per ounce on excellent volume.

SILVER

Silver broke through the $18 per ounce resistance level in Asian and European markets this morning. Silver reached a high of $18.15 per ounce before seeing some light selling. At 11am PST today, Silver is trading at $18.05 per ounce, up $0.34 on excellent volume.