Daily Market Report 2/26/16

GOLD

Today, the Gold market traded between $1,211 and $1,240 per ounce. This is a healthy consolidation of this year’s gains. Physical and paper Gold demand continues to grow, as the price stabilizes above the important $1,200 per ounce level. At 11am PDT today, Gold is trading at $1,222 per ounce, down $12 on average volume.

SILVER

Silver broke down below the important $15 per ounce level today, reaching a low of $14.66 on heavy volume. At 11am PDT today, Silver is trading at $14.70 per ounce, down $0.45 on heavy volume.