Daily Market Report 11/20/15

GOLD

Asian short covering of Gold contracts took the price up to $1,088 per ounce this morning. Many professional traders try to be flat (not long or short) on Fridays, eliminating any market risk over the weekend. After reaching $1,088 this morning sellers appeared, taking the price down $10 per ounce. At 11am PDT today, Gold is down $1, trading at $1,077 per ounce on average volume.

SILVER

Silver sold off this morning, reaching a low of $14.07 per ounce before finding fresh buying. Bargain buying has become thinner and thinner over the past week. It may take a break below the $14 per ounce support level to find sizeable buying of physical Silver investment products. At 11am PDT today, Silver is trading at $14.15, down $0.10 per ounce on normal volume.