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Mid-Session Silver Market Report
Tue 04 Sep 2012 11:17:20 CT
Related Keywords: Metals
Related Keywords: Metals
Silver prices have posted a sharp rally for the second session in a row, and have now railed more than $2.00 above last Thursday's weekly low. Today's set of weaker than expected US economic data was seen by many traders as providing further evidence for Fed officials to start up fresh quantitative easing measures at this month's FOMC meeting. However, a negative turnaround in US equities and a rebound in the Dollar have been widely seen to have taken silver prices off of their early highs by mid-session.
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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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