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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Silver price due for correction

Posted on 04 May 2011

The silver price has overshot the metal’s fundamentals and a correction is due, an analyst says. The silver futures price has been highly volatile, rallying to a 31-year high last week and tumbling 12 per cent in a matter of minutes on Monday after the Chicago Mercantile Exchange raised its margin requirement for speculative traders.

On Tuesday, the silver price for July delivery on the Chicago Mercantile Exchange firmed to $US45.16 an ounce, from an open of $US44.03/oz……………………………………….Full Article: Source


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