Mid-Session Silver Market Report

Fri 18 May 2012 11:27:01 CT
Related Keywords: Metals

Like gold, the July silver contract extended yesterday's rather impressive recovery effort in the trade this morning. Even more surprising is the ability to rally silver prices in the face of residual weakness in energies, weakness in US equities and some residual concern toward Europe. However, currency market action was less undermining of silver prices this morning and there were whispers of potential EU action over the weekend that were circulating in the press.

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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.

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