Daily Market Report 9/19/16

GOLD

This morning Gold opened higher due to a weaker U.S. Dollar. There are still concerns that the Fed (which is meeting on Tuesday and Wednesday) is expected to give a clear signal of future interest rate increases to come, possibly in December. At 11am PDT today, Gold is trading at $1,314 per ounce, up $6 on excellent volume.

SILVER

Silver rallied sharply this morning on fresh bargain buying in Asia, and a weaker U.S. Dollar. Silver needs to remain above the important $19 per ounce level to stay short term bullish. At 11am PDT today, Silver is up $0.38 per ounce, trading at $19.18 on good volume.