Daily Market Report 12/30/16

GOLD

After reaching a high last night of $1,164 per ounce, year-end selling hit the Gold market today, but Gold held the important $1,150 per ounce level. Next year should be a good year for precious metal owners. At 11am PST today, Gold is trading at $1,152 per ounce, down $4 on normal volume.

SILVER

Disappointingly, Silver didn’t hold the $16 per ounce support level today. Silver did reach $16.28 per ounce in Asian and European trading, but sold off in U.S. markets. At 11am PST today, Silver is trading at $15.93 per ounce, down $0.22 on average volume.