Daily Market Report 9/27/16

GOLD

After last night’s presidential debate, Clinton’s positive performance caused the U.S. Dollar and stocks to rally sharply. Gold declined today, testing its $1,325 support level, but found excellent support at that level. At 11am PDT today, Gold is trading at $1,327 per ounce, down $13 on average volume.

SILVER

Silver tested it’s $19 per ounce support level this morning, reaching a low of $18.95 before bargain buying appeared. $19 per ounce is a key support level and Silver MUST stay above that level to remain short term positive. At 11am PDT today, Silver is down $0.43 per ounce, trading at $19.10 on good volume.