Daily Market Report 4/11/16

GOLD

Gold reached a high of $1,260 today on a fresh wave of buying due to a weaker U.S. Dollar and strong safe-haven buying. Weak economic data coming out of Europe and Asia is providing concerns that negative interest rates and another round of quantitative easing is highly possible. At 11am PDT today, Gold is trading at $1,256 per ounce, up $15 on excellent volume.

SILVER

After reaching $16.17 on March 16th and being beaten back to $14.79 on April 1st, Silver has mounted its 3rd attempt to break above the key $16 per ounce resistance level today. Silver is moving up with Gold today, reaching a high of $15.99 on excellent trading volume. The buyers are back in Asia, the Middle East, Europe, and the U.S. At 11am PDT today, Silver is up $0.55 per ounce, trading at $15.92 on excellent volume.