Daily Market Report 2/3/17

GOLD

I continue to be impressed by the price activity in the Gold market. Every time the Gold price has a brief sell-off and reaches support, strong buying appears and the market rallies back. In late trading yesterday, Gold reached a 2017 high of $1,224 per ounce, and is trading in an narrow range today. At 11am PST today, Gold is trading at $1,218 per ounce, up $2 on average volume.

SILVER

Unlike the past week, the Gold price has outperformed Silver this week. Silver reached a high of $17.75 per ounce yesterday and experienced some short-term profit take. At 11am PST today, Silver is down $0.06 per ounce, trading at $17.42 with normal volume.