Silver Market Recap Report
Tue 31 Jul 2012 14:33:01 CT
Related Keywords: Metals
Related Keywords: Metals
Like gold, the silver market tried to rally early in the session and it generally outperformed the gold market. However, silver generally seemed to be disappointed with the flow of scheduled US data and it is also possible that silver was undermined by news of rising silver production from Mexico for the month of May. While silver hasn't paid that much attention to classic supply side developments lately seeing Mexican silver production increase by double digits probably discouraged some would be longs, especially with the outlook for the global economy in a constant state of flux.
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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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