Daily Market Report 2/23/17

GOLD

Gold broke above the key $1,250 per ounce resistance level today for the first time this year, reaching a high of $1,251.20 this morning before seeing some light short-term profit taking. At 11am PST today, Gold is trading at $1,248, up $13 per ounce on excellent volume.

SILVER

Silver rallied with Gold, reaching a high of $18.25 in early morning trading. Silver continues to show excellent demand when it tests the $18 per ounce support level. At 11am PST today, Silver is up $0.15 per ounce, trading at $18.15 on good volume.