Daily Market Report 12/27/16

GOLD

Gold tested the $1,150 resistance level in Asia this morning, reaching $1,149.60 per ounce before finding heavy selling. Right now, Gold is finding support above the $1,130 area. At 11am PST today, Gold is up $6 per ounce, trading at $1,138 on good volume.

SILVER

Silver can’t find buyers above the important $16 per ounce resistance level. At 11am PST today, Silver is trading at $15.95, up $0.20 per ounce on average volume.