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Silver Market Recap Report
Fri 03 Aug 2012 14:30:01 CT
Related Keywords: Metals
Related Keywords: Metals
The silver market forged a noted range up extension today with the bull camp emboldened by a much better than expected US payroll report. Silver might have seen some short covering buying in the wake of initial losses in silver this week, but the bull camp can clearly suggest that the macro economic view improved significantly from the views present at the beginning of the week. A strong Euro and a noted surge in crude oil prices probably rekindle a minor vibe of inflation sentiment today, especially since grain prices have continued to be strong.
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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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