Daily Market Report 11/21/16

GOLD

Gold opened higher, reaching $1,218 per ounce in Asian and European markets. Last Friday’s low of $1,201.30 appears to be the low, and fresh buying is driving the price higher. At 11am PDT today, Gold is trading at $1,211 per ounce, up $3 on good volume.

SILVER

Silver bottomed out at $16.43 per ounce last Friday, and we are seeing heavy demand for physical investment products in Asia, Middle East, Europe and the U.S. At 11am PDT today, Silver is down $0.07 per ounce, trading at $16.58 per ounce on excellent volume.