Daily Market Report 3/2/16

GOLD

Physical and paper Gold demand continues to grow, primarily in Asia. The depositories of the popular Gold ETF, SPDR Gold Trust, with trading symbol GLD, increased 24 tonnes this week. These buyers have driven up the Gold price today, reaching $1,243 this morning. At 11am PST today, Gold is trading at $1,243, up $13 on normal volume.

SILVER

Silver is again trying to break back above the key $15 per ounce resistance level today. Silver briefly traded at $15.02 before sellers appeared and took it back to $14.80 per ounce. At 11am PST today, Silver is up $0.27 per ounce, trading at $15.02 on average volume.