Gold and silver were moving higher in morning trading Tuesday, as the Commerce Department reported higher-than-expected U.S. retail sales and the Labor Department reported an October Produce Price Index that was much lower than expected. Eurostat reported that the 27-nation European Union economy grew a slight 0.2% in this year’s third quarter, driven by growth in France and Germany.

The U.S. PPI registered its largest drop in 20 months in October, falling 0.3%, according to the Labor Department’s report, while October retail sales rose 0.5%, according to the Commerce Department.

Spot gold was about 0.25% higher around 10 a.m. Tuesday, while spot silver was up nearly 1.6%.

Spot gold was bid at $1,785 per ounce with an ask price of $1,786 as of 10 a.m., having traded as high as $1,787.90 and as low as $1,768.60. The London morning reference price was set at $1,765, according to Kitco market data.

Spot silver was bid at $34.78 per ounce with an ask price of $34.88. The morning high as of time of writing was $34.94, and the low was $34.14. Monday’s reference price was set at $34.02 in the London a.m.

Gold and silver trusts were moving higher early Tuesday.

• The SPDR Gold Trust (NYSE:GLD) was about 0.2% higher.
• The iShares Gold Trust (NYSE:IAU) also was around 0.2% higher.
• The iShares Silver Trust (NYSE:SLV) was up around 1.15%.

Gold and silver mining ETFs were showing small losses.

• The Market Vectors Gold Miners ETF (NYSE:GDX) was trading flat.
• The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) was nearly 0.7% lower.
• The Global X Silver Miners ETF (NYSE:SIL) was around 0.8% lower.

Shares of gold and silver miners were moving lower.

• Agnico-Eagle Mines (NYSE:AEM) was some 0.7% higher.
• Barrick Gold Corp. (NYSE:ABX) was showing losses of about 0.1%.
• Goldcorp (NYSE:GG) was down between 0.7% and 1%.
• Newmont Mining Corp. (NYSE:NEM) was showing losses of between 0.5% and 0.6%.
• NovaGold Resources (AMEX:NG) was down around 0.9%.

Silver miners’ shares were showing losses as well.

• Coeur d’Alene Mines Corp. (NYSE:CDE) was around 1% lower.
• Hecla Mining (NYSE:HL) was down around 0.9%.
• Pan American Silver Corp. (NASDAQ:PAAS) was between 0.5% and 0.8% lower.
• Silver Wheaton Corp. (NYSE:SLW) was about 0.6% lower.
• Silver Standard Resources Inc. (NASDAQ:SSRI) was down around 1.65%.

As of this writing, Andrew Burger did not own a position in any of the aforementioned stocks.