Daily Market Report 9/28/16

GOLD

Gold declined this morning as the U.S. Dollar continued its rally after Monday’s presidential debate polls showed Clinton was a clear winner. Gold reached a one week low of $1,318 per ounce in Asian trading this morning before serious buying appeared. At 11am PDT today, Gold is down $4 per ounce, trading at $1,323 on normal volume.

SILVER

Silver continues to trade above and below the important $19 support level. Silver hit a low of $18.94 per ounce this morning. Asian and European demand for physical Silver investment products is increasing dramatically at this price level. At 11am PDT today, Silver is trading at $19.15 per ounce, up $0.05 with active volume.