Daily Market Report 9/7/16

GOLD

Gold is trading above and below the $1,350 per ounce price level this morning after yesterday’s $24 rally. Gold is trading in a $10 high/low price range, from $1,353 to $1,343 per ounce. At 11am PDT today, Gold is trading at $1,345 per ounce, down $4 on average volume.

SILVER

Silver reached a high today of $20.15 before seeing short term profit taking by professional traders. $19.60 should be an excellent level, as Silver establishes a new trading range. At 11am PDT today, Silver is down $0.27 per ounce, trading at $19.75 on average volume.