The Silver market managed to spend a lot more time in positive ground than did the gold market. However, the December silver contract did see a high to low slide of roughly 50 cents an ounce today. Apparently a host of physical commodity markets saw profit taking type action today after some initial strength and that could be position squaring ahead of the upcoming elections or that could be the result of waffling views on the Fed's upcoming rate decision.
The daily commentaries provide a recap of each product's traded price activity, an analysis of the factors that influenced price activity, a recap of any reports released that day, and a look ahead at the next day's schedule. CME Group provides market commentaries for corn, wheat, soybeans, gold, silver, FX, equity indexes and regional market updates.
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