Gold and silver declined again yesterday and thus both metals were traded down in eight out of the ten business days in May (so far). The speculation around the next move in the EU following the shift in the political climate in Greece keeps the Euro weak and thus may also been among the factors to pull down commodities prices including precious metals prices. On today's agenda: Euro Area GDP for Q1 2012, German and Euro Area ZEW economic sentiment reports, U.S Core CPI and U.S. TIC Long Term Purchases. The full daily outlook of gold and silver for May 15th
Gold decreased again on Monday by 1.45% to $1,561; silver also fell by 1.86% to $28.35. During the month gold tumbled down by 6.2% and silver by 8.59%.
The ratio between two precious metals continued its upward trend as it reached yesterday 55.06. During the month the ratio rose by 2.61% as silver has moderately underperformed gold during the month. In the chart below are the shifts of this ratio during May.
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