Daily Market Report 4/5/17

GOLD

A strong U.S. Dollar and an increase in the 10-year Bond price put Gold on the defensive from market’s open. Gold reached a low of $1,244 before bargain buyers appeared. It’s important that Gold close above $1,250 by Friday. At 11am PDT today, Gold is trading at $1,248 per ounce, down $9 on good volume.

SILVER

Today marks the eighth day in a row that Silver has closed above the key $18 per ounce level. Silver seems to find buyers every time it approaches the $18 support level. At 11am PDT today, Silver is down $0.11, trading at $18.21 per ounce on good volume.