Daily Market Report 4/26/16

GOLD

Gold continues to consolidate in the $1,230 to $1,245 per ounce price level. The strength of the Silver price and speculation about the Federal Reserve not raising interest rates has supported the price. I believe Gold will make another attempt to break the $1,250 per ounce level by Friday. At 11am PDT today, Gold is up $3, trading at $1,242 on average volume.

SILVER

After its current rally, Silver is showing amazing support when it dips below the $17 per ounce level. Physical and future demand for Silver is growing at the current price level. At 11am PDT today, Silver is trading at $17.08 per ounce, up $0.08 on excellent volume.