Gold and silver prices acted very unstable during last week as they sharply fell
on Wednesday following the recent CME margin hike on gold trading, but soon
after they have rallied. What is next for gold and silver prices this week?
Currently, gold and silver prices are traded with moderate changes. Today, the
current president of ECB Trichet will give a speech; the U.S. pending home
sales will be published. Lets examine the precious metals market for today,
August 29th: Gold and silver prices –August Gold and silver prices finished
the week on a rise: Gold price rose on Friday by 1.93% to $1,797; silver price
also inclined by 0.51% to $41.00. During August, gold price increased by 10.2%,
and silver price by 2.2%. The chart below shows the development of the
normalized gold and silver prices (July 29th 2011=100) during August. The ratio
between gold and silver prices continues to remain around the 43-45, as it did
in the past couple of weeks; on Friday, August 26th it reached 43.84. During
August, gold price has outperformed silver price as the ratio inclined by 7.8%.
On Todays Agenda Trichet speaks: will give a speech regarding the current
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