Daily Market Report 2/25/16

GOLD

The Gold price appears to be firming up in in a $1,210 to $1,250 per ounce trading range. After this year’s substantial increase in the Gold price, a short consolidation phase is very healthy. At 11am PST today, Gold is trading at $1,234 per ounce, down $6 on active volume.

SILVER

Silver tested its $15 per ounce support level today, reaching a low of $15.02 per ounce. Any weakness in the Gold price could result in Silver breaking below that key $15 support level. At 11am PST today, Silver is down $0.15 per ounce, trading at $15.15 per ounce on excellent volume.