Daily Market Report 03/17/14

GOLD

Gold has traded in a narrow $15 price range from $1,374 to $1,389 per ounce over the weekend. The independence vote in Crimea went as expected and there was little market reaction. This morning in the U.S., Gold tested the $1,370 area and held. At 11am PDT today, Gold is trading at $1,372 per ounce, down $6 per ounce on good volume.

SILVER

With today’s correction in the Gold price, Silver has held above the $21.00 per ounce support level. Silver has traded most of the day between $21.20 and $21.50 per ounce. At 11am PDT today, Silver is down $0.11, trading at $21.27 per ounce on average volume.