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Silver Market Recap Report
Thu 11 Oct 2012 14:27:52 CT
Related Keywords: Metals
Related Keywords: Metals
December silver prices waffled around both sides of unchanged today and clearly silver was a follower today instead of a leading market. The bull camp were probably emboldened by gains in a number of physical commodity markets but seeing supportive currency and equity market action simply rounded out the market environment in favor of the risk-on vibe. Residually high open interest in silver seems to favor the bull camp but a continued rise in open interest on a sharp slide in silver prices could shift that indicator squarely into the bear camp.
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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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