Daily Market Report 2/1/17

Gold

For most of today, Gold has been trading from $1,200 to $1,212 per ounce, consolidating above the support level. With China’s Gold markets on holiday because of the Chinese New Year, the Asian volume is very thin. At 11am PST today, Gold is trading at $1,205 per ounce, down $6 on average volume.

Silver

As Gold sold off this morning, Silver found excellent support at $17.35 per ounce. Silver is trading in an excellent range between $17.35 and $17.64 per ounce. At 11am PST today, Silver is down $.06 per ounce, trading at $17.45 with active volume.