Daily Market Report 9/26/16

GOLD

This morning Gold continues to build its base in the $1,340 per ounce price area. Physical demand for Gold investment products is growing in Asia and Europe. At 11am PDT today, Gold is trading at $1,340 per ounce, up $2 on average volume.

SILVER

Silver tested its recent support level of $19.40 this morning, reaching a low of $19.39. At that price level, bargain buyers appeared and quickly took the price up $0.15 per ounce. I look for Silver to take another run at the $20 per ounce resistance level later this week. At 11am PDT today, Silver is down $0.09, trading at $19.53 per ounce on normal volume.