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Mid-Session Silver Market Report
Thu 23 Aug 2012 11:24:00 CT
Related Keywords: Metals
Related Keywords: Metals
Like gold, the silver market this morning extended the recent pattern of higher highs and in the process the silver market reached up to the highest level since May 2nd. Favorable currency market action and ongoing gains in industrial metals prices, probably served to embolden the bull camp in silver this morning. Gains in energy and nearby soybean prices might have given the bull camp in silver some added confidence this morning. In general, scheduled US data seemed to add to the pre-existing upward tilt in silver prices.
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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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