Gold and silver prices managed to bounce back on Friday after the sharp declines
to these metals prices on Thursday. The U.S. debt talks will probably occupy the
news cycle during the week with the Super-committee will try and propose budget
cuts. Currently gold and silver prices are traded slightly down. Today, the U.S.
existing home sales report will be published. Here is a market outlook of
precious metals prices for today, November 21st: Gold and Silver Prices –
November Update Gold price slightly rose on Friday by 0.28% to $1,725.1; silver
price also inclined by 2.91% to $32.49. In the chart below, gold and silver
prices had a rise and fall pattern during November (normalized gold and silver
prices to October 31st 2011). Due to last weeks sharp falls, gold prices gains
during the beginning of the month were erased and silver price declined by 5.4%.
The ratio between gold and silver prices sharply inclined on Friday, November
18th to 53.10. During November, gold price fell by a lower rate than silver
price so that the ratio inclined by 5.7%. Despite the differences in the trends
of gold price and silver price during November, their correlation is
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