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DG365FD46564GFH654FU898 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 Today’s Agenda Libor Rate of Swiss National Bank: the Swiss
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