Mid-Session Silver Market Report
Fri 06 Jul 2012 11:06:01 CT
Related Keywords: Metals
Related Keywords: Metals
With the September silver off to a weaker start today and the silver market seeing a series of close-in chart support levels violated this morning, it is possible that some of the declines today were technically related. However, with a long list of physical commodity markets under pressure today, silver was probably seeing pressure from its classic commodity market background. In fact, with the currency markets also throwing off more adverse action for silver and other physical commodity markets, the silver trade was probably being assailed from a number of different bearish angles.
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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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