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Silver Market Report
Wed 08 Feb 2012 11:18:04 CT
Related Keywords: Metals
Related Keywords: Metals
Mid-Session Silver Market Report
The silver market initially managed a fresh upside breakout but that sentiment was reversed when it became clear that additional developments from Greece would probably not be seen today. With equities and currency markets also showing some disappointment with the lack of forward progress in Greece, it wasn't surprising to see some profit taking selling in silver and other precious metals markets into mid session. For some traders, the even number $34.00 level in March silver has become a pivot point of sorts.
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*Disclaimer: 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.
