Daily Market Report 9/28/15

GOLD

This morning Gold was unable to move back above the $1,150 in early Asian trading, reaching a high of $1,148 per ounce before selling off. This morning’s technical sell-off took the price of Gold down to $1,128 before sizeable buying appeared. At 11am PDT today, Gold is trading at $1,133 per ounce, down $12 on excellent volume.

SILVER

Silver got hammered this morning, breaking below the key $15 per ounce support level. Silver reached a low of $14.47 per ounce in early trading before seeing bargain buying and short covering. At 11am PDT today, Silver is down $0.56, trading at $14.56 per ounce on good volume.