Mid-Session Silver Market Report
Tue 01 May 2012 11:12:00 CT
Related Keywords: Metals
Related Keywords: Metals
The silver market spent a moderate amount of time this morning trading above the prior session's close and at times it seemed as if the trade was poised to forge an upside breakout. Silver clearly seemed to track with the industrial metals complex this morning and perhaps to a certain extent to the gains forged in the US equity markets. In other words, silver was able to benefit from positive US scheduled data, instead of retreating off a potential reduction in easing hopes. If silver is set to track physical commodity market fundamentals, the track of the equity markets might be the best leading indicator for the remainder of the Tuesday US trade. #END:
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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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