Daily Market Report 9/14/16

GOLD

Gold appears to be stabilizing in a tight trading range of $1,316 to $1,326 per ounce. The market is waiting for next week’s Federal Reserve announcement on interest rates. At 11am PDT today, Gold is trading at $1,322 per ounce, up $1 on average volume.

SILVER

Again, Silver has had far more volatility than Gold in today’s trading. Silver has been above and below the key $19 per ounce level all morning. Silver hit a low of $18.78 and a high of $19.15 per ounce today. At 11am PDT today, Silver is up $.10 per ounce, trading at $19.00 on normal volume.