Daily Market Report 9/6/16

GOLD

This morning Gold opened strong in Asian trading and continued that strength in European and U.S. markets. Gold demand from jewelry manufactures showed dramatic pick up after the August holidays. Gold reached a high of $1,352.20 on excellent demand. At 11am PDT today, Gold is up $24 per ounce, trading at $1,349 per ounce on heavy volume.

SILVER

Silver moved higher this morning reaching a high of $20.14 per ounce. Physical and paper Silver demand should pick up as we move into the fall. Today is the first attempt to break $20 per ounce. At 11am PDT today, Silver is trading at $20.02 per ounce, up $0.72 on excellent volume.