Daily Market Report 3/22/16

GOLD

Gold quickly rallied $14 per ounce, reaching a high of $1,259, today as investors sought the protection of safe haven assets. This rally occurred shortly after the deadly bomb attacks which hit the airport and metro train station in Brussels this morning. The Gold price could not sustain the move above the key $1,250 per ounce resistance/support level, which was very disappointing. At 11am PDT today, Gold is trading at $1,247, up $3 on good volume.

SILVER

The Silver price continues to be more bullish than Gold. Silver reached a high of $16.03 after the Brussels news was released. Silver sold off with Gold, but found excellent support when it reached the $15.75 per ounce level. At 11am PDT today, Silver is unchanged at $15.84 per ounce on average volume.