Daily Market Report 8/26/16

GOLD

Gold continues to trade in the $1,320 to $1,340 per ounce price range. This morning in overseas trading, the bulls and bears are still trying to take control of the short term price direction. At 11am PDT today, Gold is unchanged, trading at $1,322 per ounce on light volume.

SILVER

This morning Silver briefly moved above the key $19 per ounce resistance level. At that point the professional traders sold future contracts, driving the price back to $18.55. At 11am PDT today, Silver is up $0.06 per ounce, trading at $18.62 on normal volume.