Daily Market Report 11/3/16

GOLD

Gold has been trading above and below the important $1,300 per ounce resistance/support level all day. The focus of many precious metal traders is on the election polls which recently has been favorable for Donald Trump, driving the Gold price higher. At 11am PDT today, Gold is trading at $1,301 per ounce, down $3 on active volume.

SILVER

Silver hit a low of $18.00 per ounce this morning, the major support level. However, after rallying off this morning lows, Silver did hit $18.66 per ounce. At 11am PDT today, Silver is down $0.26 per ounce, trading at $18.42 on good volume.

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