Daily Market Report 11/3/15

GOLD

The recent decline in the Gold price continues for the fifth trading day in a row. Gold reached a low of $1,114 per ounce this morning. The bears have regained control of the Gold commodity exchanges, but the Gold equities have been relatively stable. Without any exciting news, I think the $1,100 per ounce support level will be tested. At 11am PDT today, Gold is trading at $1,117 per ounce, down $19 on heavy volume.

 

SILVER

Silver is following Gold lower, reaching a low of $15.21 in early Asian trading. Demand for physical Silver investment products is heavy in this price area. At 11am PDT today, Silver is down $0.19 per ounce, trading at $15.26 per ounce on excellent volume.

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