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Like the gold market, the silver market fell into the scheduled economic news but surprisingly silver actually showed a quicker recovery bounce than the gold market in the wake of the disappointing numbers. However, after a post report recovery bounce of roughly 36 cents an ounce, the silver market was showing signs of returning to the early morning lows. Some traders suggested that the slack numbers and higher Dollar action was understandably prompting some long profit taking.
The daily commentaries provide a recap of each commodity's traded price activity, an analysis of the factors that influenced price activity, a recap of any reports released that day, and a look ahead at the next day's schedule. CME Group provides market commentaries for corn, wheat, soybeans, gold and silver.
The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
