Daily Market Report 11/19/15

GOLD

There was sizeable bargain buying of Gold in the Asian markets this morning. That buying caused the Gold price to rally from $1,069 to $1,087.00, then the bears came back, driving the price back under $1,080 per ounce. At 11am PDT today, Gold is up $10 per ounce, trading at $1,078 per ounce with normal volume.

SILVER

During this morning’s sell off, Silver had more price support than Gold. Silver showed excellent demand, rallying from $14.11 to $14.43 per ounce before selling appeared. At 11am PDT today, Silver is trading at $14.25 per ounce, up $0.10 on good volume.