Daily Market Report 3/10/15

GOLD

After last week’s dramatic correction the Gold market is starting to stabilize in the $1,155 to $1,170 area. Gold hit a new 2015 low of $1,155 earlier this morning in Asia before see bargain buying. At 11am PST today, Gold is trading at $1,162 per ounce, down $6 per ounce on average volume.

SILVER

Silver is trading in a narrow $0.25 high/low price range, with a low of $15.60 and a high of $15.85 per ounce. The direction of the Silver price will be determined by Gold; if Gold can hold above $1,150 per ounce, Silver should hold at current levels. At 11am PST today, Silver is down $0.12 per ounce, trading at $15.68 per ounce on normal volume.