Gold and silver prices took a dive and tumbled down all the way back to their
levels in 2011. The lingering effects of the recent FOMC meeting may have had a
key role in this turn of events. Will this downward trend continue during the
day? Currently gold and silver are traded up. There are many reports to be
published today including: U.S. Jobless Claims, U.S. Producer Price Index, U.S.
TIC Long Term Purchases, Libor Rate of Swiss National Bank and Philly Fed
Manufacturing Index. Here is a short review on gold and silver prices for
Thursday, March 15th: Gold and Silver– March Update Gold price tumbled down on
Wednesday by 3.03% to $1,642.9; silver also decreased by 4.17% to $32.18. During
the month, gold declined by 4% and silver by 7.1%. The chart below presented the
changes in gold and silver during March (prices are normalized to February
29th). The ratio between gold and silver edged up on Wednesday, and reached
51.05. During the month the ratio rose by 3.34% as gold has outperformed silver.
In the chart below are the changes of this ratio during the month. On Todays
Agenda Libor Rate of Swiss National Bank: the Swiss
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