Daily Market Report 9/22/16

GOLD

The Gold rally continues after yesterday’s Federal Reserve announcement. Demand in Asian, European and U.S. markets has picked up sharply today as the price moves higher. At 11am PDT today, Gold is up $14 per ounce, trading at $1,340 per ounce on strong volume.

SILVER

Silver has been above and below the key $20 support/resistance level today, reaching a high of $20.07 in U.S. markets. $20 per ounce is an important level for Silver, and staying above it for the next three trading days is critical for the short term direction of Silver. At 11am PDT today, Silver is trading at $20.02 per ounce, up $0.32 on excellent volume.