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Silver Market Recap Report
Fri 08 Mar 2013 16:37:00 CT
Related Keywords: Metals
The silver market was initially under fresh pressure before the market righted the ship and forged a low to high recovery bounce of roughly 61 cents an ounce. Like gold, silver might have been lifted by suggestions from the US Administration that the EU should implement a TARP like program. Some silver bulls think that silver bounced today off revived flight to quality buying interest from players who think that conditions in the Euro zone are likely to deteriorate significantly over the weekend. However, ongoing weakness in copper and crude oil today would seem to suggest that classic physical commodity market action will continue to limit silver's ability to recover.

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