Daily Market Report 11/29/16

GOLD

Today the Gold price is trading between $1,181 and $1,195 on good volume. I would like to see the price move above $1,200 to bring in support from active traders. At 11am PDT today, Gold is trading at $1,190 per ounce, down $1 on good volume.

SILVER

This morning Silver continued to find strong buying at the $16.50 per ounce level. Silver really needs to move back above the $17 per ounce resistance level to regain its long term move higher. At 11am PDT today, Silver is up $0.10 per ounce, trading at $16.70 on good volume.