Markets

Silver Market Recap Report

The silver market forged yet another sharp range down extension on the charts and in the process prices reached the lowest level since April 5th. Like a host of physical commodity markets, the silver market was undermined by follow through technical selling, fears of US slowing and perhaps even noted weakness in US equities. The sharp decline in the US ISM Non-manufacturing readings combined with a slightly weaker than expected private jobs survey to foster talk of slowing and in the face of broad based physical commodity selling, the environment today clearly favored the bear camp.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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