Daily Market Report 11/12/13

GOLD

It’s not a good day in the precious metal markets. Gold opened unchanged from Monday’s close but could not stay above the $1,280 per ounce support level, reaching a low of $1,271.30. The volume is a little above average but there was not significant demand from Asia in overnight trading. At 11am PDT today, Gold is trading at $1,273 per ounce, down $10 per ounce on average volume.

SILVER

Lead by the weakness in Gold, Silver broke down below the $21 per ounce support level. At 11am PDT today, Silver is down $0.48 per ounce, trading at $20.80 per ounce on average volume.