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Gold and Silver Prices – today Outlook 20 June 2011
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Gold and silver prices finished the week with rises, but they are off to a slow start today. The concerns over the European debt crisis (Greece) will be among the main topics of the day that could affect the financial markets, but will it also affect gold and silver prices? Let’s examine the news of the day and analyze the precious metals market for June 20th:

Gold and silver prices – June

Gold price finished the week rising by 0.6% to $1,539.

Silver price also inclined on Friday, June 17th by 0.53% to $35.75.

During June, gold price increased by 0.1%, and silver price declined by 6.7%.

The chart below shows the normalized gold and silver prices (May 31st 2011=100).

This finding only goes to show that the relations between currencies and gold and silver are reliable; it also shows that gold and silver weren’t affected by the recent changes in US dollar compared with other currencies. This might also indicate that the demand for gold and silver will remain high as they further inclined last week despite the appreciation of US dollar.

Current Gold and Silver prices

The precious metals prices are currently traded with little changes in the Asian markets:

The current gold price, short term futures (July 2011 delivery) is traded at $1,538.3 per t oz. with a $0.8 drop or 0.05% as of 06:51*.

Current silver price, short term futures is at $35.66 per t oz – a $0.088 decline or 0.25%, as of 06:51*.

The current ratio of gold to silver prices is at 43.13.....READ MORE