Daily Market Report 3/18/16

GOLD

Gold moved to $1,267 per ounce in early Asian trading. When the Gold market opened in Europe and the U.S. we saw normal weekend selling and the market moved down to the $1,250 per ounce support level. At 11am PDT today, Gold is trading at $1,256 per ounce, down $7 on average weekend volume.

SILVER

This morning Silver reached a high of $16.17 per ounce, the highest price Silver has traded at since October 2015. At that point, short term selling appeared, taking the price down below the key $16 support/resistance level. At 11am PDT today, Silver is down $0.13 per ounce, trading at $15.82 per ounce on light volume.