Daily Market Report 8/25/16

GOLD

With improving U.S. economic news and statements by Federal Reserve Governors, the Gold/Silver prices were down in early trading. The concern is that the Fed would be raising interest rates sometime this year. Gold reached a low of $1,316.50 this morning before seeing sizeable buying. At 11am PDT today, Gold is trading at $1,322 per ounce, down $4.50 on active volume.

SILVER

Silver led the decline this morning, reaching a low of $18.44 in active trading. Silver mining stocks were hammered in late trading yesterday on concerns of a Fed interest rate hike. I look forward to seeing price consolidation at this new trading level. At 11am PDT today, Silver is down $0.02, trading at $18.56 per ounce on increased volume.