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Mid-Session Silver Market Report
Fri 08 Mar 2013 16:36:00 CT
Related Keywords: Metals
The silver market was able to reject some initial weakness and in the process the May silver contract managed to climb above the prior session's high. However, noted gains in equities and energy prices, combined with somewhat supportive currency market action should have provided silver with an even bigger lift than was seen at times this morning. However, with May silver prices at times posting gains in excess of 52 cents an ounce, this morning's gains should not be totally discounted. However, until the gains in equities foster a distinct improvement in overall macro economic expectations, markets like silver might find it difficult to completely throw off the weakness in prices seen since the late February top. In retrospect, mixed scheduled data from the US probably kept some would-be silver buyers off balance.

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