Daily Market Report 1/11/17

GOLD

After President-Elect Trump gave a news conference, Gold made its first attempt to break above the key $1,200 per ounce resistance level. Gold demand remains strong and the price reached a high today of $1,198 per ounce. At 11am PST today, Gold is trading at $1,194 per ounce, up $8 on good volume.

SILVER

Today, Silver continues to build a base while trading in a $16.50 to $16.90 per ounce trading range. I look for Silver to move above the $17 per ounce resistance level very soon. At 11am PST today, Silver is unchanged, trading at $16.78 per ounce on average volume.