Daily Market Report 10/18/16

GOLD

Yes, today Gold has started its rally back to $1,300 by breaking out of its recent trading range. In Asian and European trading, Gold found excellent demand and quickly moved above the $1,260 level, reaching a high of $1,265 per ounce. At 11am PDT today, Gold is trading at $1,262 per ounce, up $5 on excellent volume.

SILVER

Silver reached a low of $17.43 this morning before moving higher with Gold. Now, Silver has broken back above the $17.50 level and is moving higher. At 11am PDT today, Silver is up $0.16 per ounce, trading at $17.62 on good volume.