Daily Market Report 10/11/16

GOLD

Gold has traded in a narrow $10 high/low price range today, from $1,262 to $1,252 per ounce. After the recent price decline, it would be healthy for the Gold price to stabilize for a while. At 11am PDT today, Gold is trading at $1,256 per ounce, down $3 on good volume.

SILVER

Silver is currently trading in a short term range between $17.50 and $18 per ounce. Like Gold, building a firm base would be a positive for Silver as it prepares to start the next rally. At 11am PDT today, Silver is down $0.17 per ounce, trading at $17.50 per ounce on normal volume.