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

What’s causing silver’s slide?

Posted on 06 May 2011

The price of silver has plunged by more than 25% in just four trading sessions, as illustrated in this daily chart. Silver appears to be at the leading edge of the commodity price reversal that has blindsided many unlucky investors and speculators in the past week: gold is off by 5%, crude oil is down 13%, copper is down 6%, and gasoline is down 10%.

Those looking for an explanation for this point to signs that the U.S. economy is stumbling (e.g., the big jump in unemployment claims in recent weeks), since a weaker economy would reduce demand for commodities……………………………………….Full Article: Source


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This post was written by:

VRS - who has written 40685 posts on Opalesque Commodities Briefing.


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