Daily Market Report 11/9/15

GOLD

This morning Gold is holding in a narrow range from $1,089 to $1,096 per ounce. Gold needs to move back above the $1,100 per ounce level quickly to encourage traders to be long. At 11am PDT today, Gold is trading at $1,090 per ounce, unchanged from Friday.

SILVER

Silver has found some bargain buyers and short covering around the $14.50 per ounce level. Physical demand remains strong, but it isn’t transferring that demand into the commodity futures markets. At 11am PDT today, Silver is down $0.25 per ounce, trading at $14.50 per ounce on good volume.