Gold and silver prices changed direction and after they had risen for two
consecutive days, they have moderately decreased in yesterdays trading. Other
commodities also traded down including crude oil (WTI). Yesterday the U.S.
initial jobless claims sharply fell by 50k. Currently, gold and silver are
traded down. Today, the U.S. existing home sales report will be published, and
Canadas core consumer price index. Here is a market outlook of precious metals
prices for today, January 20th: Gold and Silver Prices –January Update Gold
price slipped on Thursday by 0.33% and reached $1,654.5; silver price also
decreased by 0.11% and reached $30.51. During January, gold price increased by
5.6% and silver price by 9.29%. In the chart below are the normalized gold and
silver prices (gold and silver prices are normalized to December 30th). The
ratio between gold and silver prices slightly slipped on Thursday, January 19th
and reached 54.23. During January the ratio fell by 3.4% as silver price has
slightly outperformed gold price. St. Deviation Despite the sharp gains in gold
and silver prices throughout January, their daily percent changes standard
deviations didnt increase compared with their standard deviations in recent
months and are currently at their lowest
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