Daily Market Report 2/28/17

GOLD

In late trading yesterday, we saw some short-term profit taking for Gold which caused it to test the $1,250 support level. The Gold price quickly recovered in Asian and European trading this morning. At 11am PST today, Gold is trading at $1,252 per ounce, down $8 on good volume.

SILVER

Silver sold off with Gold yesterday, reaching a low of $18.22 per ounce. Silver is showing more price support than Gold today, trading higher as Gold declined. At 11am PST today, Silver is up $0.02 per ounce, trading at $18.40 on excellent volume.