Daily Market Report 2/22/17

GOLD

Gold continues to consolidate its recent gain today, trading between $1,230 and $1,240 per ounce. I would like to see Gold move above the $1,240 level by month end to confirm the bullish trend. At 11am PST today, Gold is trading at $1,235 per ounce, down $2 on average volume.

SILVER

Silver has shown excellent support every time it trades below the $18 per ounce support level. Silver continues to build a firm base, looking very bullish for its next leg higher. At 11am PST today, Silver is down $0.02 per ounce, trading at $18 on normal volume.