Gold and Silver Prices Weekly Outlook for March 19-23

Here is a short overview of the recent developments in gold and silver prices
during the week of March 12th to March 16th and an outlook for the upcoming week
of March 19th to March 23rd; this includes a short description of the main news
items, decisions and events that may have influenced precious metals traders
during last week; in this analysis I use charts and a fundamental analysis to
examine how if at all last weeks events, decisions and financial reports
affected the path of gold and silver prices. During last week gold and silver
prices declined by 3.03% and 4.17% respectively. One of the main events that
affected the path of bullion last week was the FOMC statement in which it was
reveled the Fed will maintain its current policy and will not introduce any
additional stimulus plan because the U.S. economy is showing signs of recovery.
Since the expansion of the U.S monetary base is linked with the rise of silver
and gold prices in recent years, the decision of the Fed not to make another
monetary expansion pulled down the bullion prices. During last week there were
other U.S related financial reports that came out including