Daily Market Report 3/28/17

GOLD

Today Gold has traded in a narrow $7 high/low range, from $1,258 to $1,251 per ounce. After breaking above an important resistance level ($1,250), it is very healthy for Gold to consolidate its recent gains and start building a base for the next leg higher. At 11am PST today, Gold is trading at $1,255 per ounce, unchanged from yesterday, on normal volume.

SILVER

The Silver price is behaving better with fresh Asian and European buying. Silver traded as high as $18.26 before seeing some light short-term profit taking. At 11am PST today, Silver is trading at $18.17 per ounce, up $0.12 on good volume.