lior

Gold and silver continue to shift from gains to losses with little increments as they did during most of the week; yesterday was no different. The bullion prices edged up. The rest of the markets including energy commodities and U.S stock markets declined. The slow paced growth in the Philly Fed and modest result of the jobless claims weekly update may have influenced traded to take off some of their bets off the table. Nevertheless the market continues to dwindle with little movement as the uncertainty the U.S and Europe remains high. On today's agenda: Canada CPI and German business climate report.
The complete daily outlook on gold and silver for April 20th
Gold declined on Wednesday by 0.7% to $1,639.6; silver also decreased by 0.59% to $31.49. During April, gold decreased by 1.93% and silver by 3.07%.
The gold silver ratio declined again to 51.48. During April the ratio remained nearly flat as gold has performed very similar to silver during the month. In the chart below are the shifts in this ratio during April (up to date).