Daily Market Report 8/18/16

GOLD

After yesterday’s release of the Federal Reserve minutes, the luster came back into the Gold market. In Asian and European markets Gold found fresh buying, driving the overnight price up to $1,356.40 per ounce. Demand is solid in the physical and future contract exchange markets. At 11am PDT today, Gold is trading at $1,352 per ounce, up $8 on excellent volume.

SILVER

With Gold’s price strength today, Silver is having a difficult time moving over the key $20 per ounce level. Physical and exchange demand is excellent for the summer months. At 11am PDT today, Silver is trading at $19.75, up $0.07 per ounce on average volume.