Silver Market Recap Report

Fri 27 Jul 2012 14:54:02 CT
Related Keywords: Metals

September silver broke out above its 3-week trading range this week on optimism that the EU was working towards a solution to the debt crisis. This lent strength to the Euro, global equity markets and precious and industrial metals, including silver. September silver rallied to it highest level since July 5th, but it failed to follow through on that and ended the session with moderate gains. Like gold, it stalled on the better than expected GDP data.

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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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