Daily Market Report 2/27/17

GOLD

The Gold rally continues this morning in Asian and European markets, with Gold reaching a high of $1,264 per ounce. Both physical demand and future’s trading volume has picked up in the past week during the current rally. At 11am PST today, Gold is trading at $1,260 per ounce, up $3 on excellent volume.

SILVER

Today we saw Silver’s first break above the $18.50 per ounce resistance level, with Silver reaching $18.51. After nine weeks in a row of an increase in the Silver price, I’m looking for a 10th. At 11am PST today, Silver is up $.04 per ounce, trading at $18.38 on strong volume.