Daily Market Report 3/30/15

GOLD

A combination of a stronger U.S. Dollar and no escalation of hostiles in the Middle East caused Gold to open lower and stay there most of the trading day. I believe that Gold is consolidating its recent gains in the $1,180 to $1,220 per ounce price range. At 11am PDT today, Gold is trading at $1,186 per ounce, down $15 from Friday on average trading volume.

SILVER

Silver traded briefly above $17 this morning before the Gold sell off. Silver found excellent support at the $16.60 per ounce level and is trading actively. At 11am PDT today, Silver is down $0.39, trading at $16.69 per ounce in active trading.

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