Gold and silver prices continue to shift with no clear direction as they
slightly inclined yesterday, after they had moderately fell a day earlier. The
European debt crisis continues to influence traders, resulting in the
indeterminate direction of precious metal prices. Currently gold and silver
prices are traded slightly down. Today there are many items on the agenda today
including Euro Area CPI, American CPI for and U.S. Long Term Treasuries
Purchases. Here is a market outlook of precious metals prices for today,
November 16th: Gold and Silver Prices – November Update Gold price slightly
rose on Tuesday by 0.21% to $1,782.2; silver price also inclined by 1.27% to
$34.46. In the chart below are the changes in gold and silver prices during the
month (normalized gold and silver prices to October 31st 2011). During November,
gold price rose by 3.3%, while silver price slightly inclined by 0.3%. The ratio
between gold and silver prices slightly slipped on Tuesday, November 15th to
51.72. During November, gold price rose by a higher rate than silver price so
that the ratio rose by 3.0%. The standard deviation of the daily percent changes
of gold price and silver price during November
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