Daily Market Report 12/09/16

GOLD

Today Gold is down slightly, but staying in a narrow range especially the last few days. Gold hit a low of $1,157.60 this morning during  New York trading, but is now working its way back up. This appears to be traders closing out their positions for the week. At 11am Gold is at $1,161 down $10 on above average volume.

SILVER

It looks like Silver is also seeing a lot of traders closing out their Silver positions as prices continue to constantly fluctuate around the $17 level. This is going to be something I will be watching more closely as we move into next week. At 11am Silver is at $16.92 down $0.13 on average volume.