Daily Market Report 11/17/14

GOLD

Today, after reaching a high of $1,194 in early Asian trading, Gold tested support at $1,180 per ounce and held. For most of today’s U.S. and European trading, Gold has been looking very bullish as it consolidates above $1,180, in a narrow $8 high/low price range.

At 11am PST today, Gold is trading at $1,186 per ounce, down $2 on excellent volume.

SILVER

Today, Silver moved higher in Asian trading, reaching a high of $16.50 per ounce before seeing short term profit taking. Silver then sold off and tested support, by hitting $16.02 on excellent trading volume in U.S. markets.

At 11am PST today, Silver is down $0.12 per ounce, trading at $16.15 on excellent volume.