Daily Market Report 2/22/16

GOLD

This morning Gold again tested the very important $1,200 per ounce support level. Gold reached a low today of $1,202 before sizeable buying appeared and took the price back above $1,210 very quickly. At 11am PST today, Gold is trading at $1,210 per ounce, down $22 on heavy volume.

SILVER

When the bears were able to take the Gold price down to $1,202, the Silver price reached a low of $14.92 this morning. At that point the buyers came back and quickly took the Silver price to $15.20 per ounce. At 11am PST today, Silver is down $0.22, trading at $15.20 per ounce on excellent volume.