Monday, November 21, 2011

Gold & Silver Prices – Daily Outlook November 21

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DG365FD46564GFH654FU898 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 week’s sharp falls, gold price‘s 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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