Gold and silver continued their rally while the rest of the markets (including energy commodities and U.S stock markets) are falling. This movement in different directions isn’t likely to last long as energy commodities and stock markets tend to be strongly linked with the precious metals markets. The market mat start to move rapidly again during Thursday and Friday as many U.S financial reports will come out. Today, ECB Monthly Bulletin will come out and Australia Rate of Unemployment. The complete gold and silver prices daily outlook Gold rose on Tuesday by 1.02% to $1,660; silver also increased by 0.49% to $31.68. During April, gold declined by 0.67% and silver by 2.48%.
The ratio between gold and silver edged up to 52.42. During the month the ratio increased by 1.845% as gold has slightly outperformed silver. In the chart below are the shifts in this ratio during April (up to date).
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