Silver Market Recap Report

Mon 07 May 2012 14:39:00 CT
Related Keywords: Metals

After making a fresh new low for the move in July silver overnight, silver prices managed to forge a mid morning recovery bounce but prices ultimately weren't able to completely throw off the downward tilt in precious metals prices. Like gold, silver saw adverse currency market action, residual global slowing fears and little in the way of fresh signs of easing from the US Fed or the PBOC. With US equities and copper prices managing to recover, it is possible that some silver bears were a little unnerved by some of the outside market action today.

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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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