Silver Market Recap Report
Tue 03 Jul 2012 13:48:03 CT
Related Keywords: Metals
Related Keywords: Metals
With crude oil and copper flashing higher this morning it is possible that silver was garnering a lift from classic economic optimism. While silver and other physical commodity markets might be disappointed with the eventual action from the ECB and Fed in the near term a number of markets might be content to buy the rumor of action directly ahead. With the Euro managing to shake off initial weakness today, crude oil prices at times rising by more that $4.00 a barrel and September silver reaching up to the highest level since June 20th it's a good bet that silver prices were lifted by a combination of fundamental and technical developments.
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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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