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Silver Market Recap Report
Wed 15 Aug 2012 14:51:00 CT
Related Keywords: Metals
Related Keywords: Metals
The silver market rebounded from overnight losses but could not sustain upside momentum and ultimately slid back to unchanged levels by today's close. A recovery in US equity markets after the release of the US CPI and US Industrial Production numbers was seen by many traders as a key source of support for the silver market during today's session. However, the dwindling chances for any near-term easing move from the Federal Reserve and the Chinese central bank may have kept additional silver gains in check.
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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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