Daily Market Report 3/16/15

GOLD

This morning in Asian trading Gold is in a tight $14 high/low price range, from $1,150 to $1,164 per ounce. Many market traders are awaiting any indications from tomorrow’s Federal Reserve meeting on the future direction of its interest rate policy. At 11am PDT today, Gold is trading at $1,155, unchanged from last Friday, on average volume

SILVER

Silver tested the $15.50 per ounce support level this morning and held, reaching a low of $15.49 per ounce at one point. Physical demand continues to be strong globally. At 11am PST today, Silver is trading at $15.64 per ounce, up $0.14 on good volume.

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