Silver Market Recap Report

Fri 04 May 2012 14:18:00 CT
Related Keywords: Metals

While July silver initially managed to avoid a fresh new low for the move, the market did manage a fresh new low for the move before mid session. However, silver at times was discounting the sharp down action in the equity market and silver also seemed to be able to discount discouraging currency market action. Like gold, silver seemed to get a lift from fresh easing hope which in turn might have been sparked by the Fed's Evans.

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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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