Daily Market Report 9/12/16

GOLD

This morning Gold opened lower while trading in a narrow $10 high/low range, between $1,320 and $1,330 per ounce. Physical demand for Gold investment products is growing in Asian, European, and U.S. markets. At 11am PDT today, Gold is trading at $1,325, down $7 on active volume.

SILVER

Silver reached a low this morning of $18.71 per ounce before finding bargain buying in Asia and Europe. Silver needs to move back above the $19 per ounce level to regain its short term bullish support. At 11am PDT today, Silver is down $0.35 per ounce, trading at $18.95 on excellent volume.