Daily Market Report 8/31/16

GOLD

It appears that Gold is working its way down to the $1,300 per ounce major support level. Light trading volume (ahead of a holiday weekend) combined with a stronger U.S. dollar has resulted in a slow decline in the Gold price. At 11am PDT today, Gold is trading at $1,308 per ounce, down $5 on average volume.

SILVER

Silver found good support this morning at $18.50 in Asian and European trading. As we approach the holiday weekend I expect to see some weakening in the Silver price. I strongly recommend taking advantage of any opportunity to add to your Silver holdings. At 11am PDT today, Silver is up $0.03, trading at $18.62 per ounce on normal volume.