Gold is up for the fifth day in a row<br>Daily Market Report 5/16/17

GOLD

Gold is up today, the fifth day in a row, reaching a high of $1,239 per ounce. Gold had a recent decline from $1,297 on April 17th to $1,214 on May 9th, a 6.4% decline in 17 trading days. Today, Gold is moving higher on good demand and a weaker U.S. Dollar. At 11am PDT today, Gold is trading at $1,237 per ounce, up $7 on active volume.

SILVER

Silver is also on a 5-day rally, recovering from a low of $16.06 last week. If there was ever a question about Silver’s price volatility versus Gold’s, Silver just won. Between April 17th and May 9th the Gold price fell 6.4%, while Silver dropped 13.9% (from $18.66 on April 17th to $16.06 on May 9th). At 11am PDT today, Silver is up $0.16 per ounce, trading at $16.78 on excellent volume.