Daily Market Report 12/17/15

GOLD

After Janet Yellen and the Fed’s news yesterday, the price of Gold held well. It wasn’t until the New York market opened today that we saw some sellers come into the market. At that point traders came in and we started seeing support at the $1,050 level, clearing out the weak hands. I am looking into what may be causing this as physical demand is continung to grow. At 11am PDT today Gold is trading at $1,052, down $25 on very high volume.

SILVER

Silver continued to follow Gold’s lead today. Silver seems to be finding support at the $13.70 level. At 11am PDT today Silver is down $0.51, trading at $13.78 on above average volume.