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DG365FD46564GFH654FU898 Gold and silver prices started off the week with very sharp gains. Yesterday’s gains were the sharpest this month (so far), which only goes to show how February is much less volatile than January. Currently gold prices are slightly rising. Today, Euro Area Manufacturing PMI report will be published along with the Minutes of the last MPC Meeting, and the U.S. Existing Home Sales. Here is a short analysis for metals prices and a review of the news and events related to gold and silver for Wednesday, February 22nd: Gold and Silver– February Update Gold price sharply increased on Tuesday by 1.89% to $1,758.5; silver on also rose by 3.66% to $34.50. During February, gold rose by 1% and silver by 3.72%. The chart below presents the developments of gold and silver during the month (prices are normalized to January 31st). The ratio between gold and silver sharply decreased on Tuesday, February 20th at 50.97. During February the ratio slightly declined by 2.59% as silver has moderately outperformed gold. In the chart below you can see the changes in this ratio during February. On Today’s Agenda U.S. Existing Home Sales: in the previous report regarding December the number of homes
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