Mid-Session Silver Market Report
Wed 02 May 2012 11:18:02 CT
Related Keywords: Metals
Related Keywords: Metals
The silver market started out under aggressive pressure but managed to attempt a recovery in the aftermath of the private job survey release. However, like gold, the silver market wasn't able to stay out from under a negative tide of sentiment present toward all things physical. Clearly the silver trade is discouraged by the pace of the US economy and clearly seeing a rise in the dollar today has given the bear camp in commodities even more incentive. With ongoing weakness in US equities and the data today favoring the slowing tilt, the silver market looks to track lower with the rest of the industrial commodity complex. #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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