Daily Market Report 11/14/16

GOLD

A sharp increase in the value of the U.S. Dollar combined with a move up in interest rates kept Gold on the defensive. Gold hit a low of $1,211 per ounce in late Asian and European trading. Gold rallied in New York trading reaching a high of $1,230 per ounce. At 11am PDT today, Gold is trading at $1,222 per ounce, down $1 on heavy trading volume.

SILVER

Silver reached a low of $16.62 per ounce this morning on heavy trading volume. Wow, silver has dropped over $2 per ounce in less than two weeks! Silver is an incredible value at the current price. At 11am PDT today, silver is down $0.38 per ounce, trading at $16.87 on very heavy volume.