Daily Market Report 11/2/15

GOLD

Gold continues its recent sell off this morning, reaching a low of $1,132 per ounce in early Asian trading. Gold found excellent bargain buying demand below $1,135 per ounce. At 11am PDT today, Gold is trading at $1,136 per ounce, down $6 on excellent volume.

SILVER

Silver broke down with Gold, moving below its recent $15.50 per ounce support level to reach $15.25 in early trading. As the price dropped to today’s low, the demand increased and Silver rallied back above the $15.40 area. At 11am PDT today, Silver is down $0.13 per ounce, trading at $15.45 on excellent volume.