Gold and silver prices started off the week with very sharp gains. Yesterdays
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 Todays
Agenda U.S. Existing Home Sales: in the previous report regarding December the
number of homes
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