Gold prices have finally crossed the much anticipated $1500 an ounce price while silver is just short of the $50 an ounce mark. At the minute, gold has been playing around 1500 mark added an intraday high of 1500.50/1506.50 having opened earlier in a day at 1503.50/1504.50. The prices finally came down to 1492.00/1493.00.
As for Silver prices, hovering just around the $50 mark, the precious metal opened at 45.90/45.94 before quickly moving to 46.14/46.18. This was short-lived though as prices later decreased to 44.72/44.76 by mid-morning to finally settle at 45.07/45.11 at close of business for the day.
Good prizes have witnessed other fluctuations starting at $1504 and for an ounce before quickly moving to $1518 an ounce and finally closing lower. The on undulating moves continued sentimental moving from higher values to figures as low as $1492 an ounce which was still higher than $1478 an ounce of the previous week.
Taken together therefore Gold prices appear to be on a definite upward move with silver prices following closely behind in its own class having started at 44.95 an ounce and moving up what to 49.82 an ounce before finally closing lower at the end of the day--the movement also appearing upward for Silver prices.
The highly celebrity go Silver ratio has increased in what is an obvious gain of Gold from the decrees of previous weeks which seems to indicate that Silver was strength against gold. That appeared to be short-lived however as gold Silver ratio rose to 33.56 from an earlier 32.43 an ounce.
Second to precious metals together, one that is very clear; but good prizes and silver prices are definitely moving upward. As for the relationship between gold and silver, it appears that no permanent /definite trend has been established. The situation rather looks like a ding-dong affair.