Commodity Tips Gold Silver 15 June 2011

Gols and Silver Intraday View Today 15 June 2011 :- Gold and silver prices continue to zigzag with no clear trend as they have bounced back with moderate rises following a drop in prices on Monday. The US’s CPI will be published today, along with the TIC that might affect traders’ perspective on the financial markets. Let’s examine the news of the day and analyze the precious metals market for June 15^th: Gold and silver prices – June Gold price bounced back yesterday June 14th as it rose by 0.58% to $1,524. Silver price also inclined by 1.94% to $35.41. During June, gold price decreased by 0.8%, while silver price declined by 7.6%. The chart below shows the normalized gold and silver prices (May 31^st 2011=100). Both gold and silver prices are still below their initial price level from the beginning of June, butsilver price fell much more precipitately than gold price did; this was also the case during May.