Silver Market Recap Report

Wed 02 May 2012 14:15:00 CT
Related Keywords: Metals

The silver market sagged on the charts today and in the process the market reached down to the lowest level since April 25th. With renewed fears of slowing generated in the wake of the US data flow today, silver and physical commodity markets were put under liquidation pressure. With the trade assuming a loss of US economic momentum, it is possible that a sell the rumor of slowing might be able to dominate until the Payroll report on Friday settles the debate.

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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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