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Mid-Session Silver Market Report for 12/2/2008

The silver market also saw some aggressive overnight selling before the market managed to right the ship and bounce off the overnight lows. In fact, just ahead of mid session March silver had managed to bounce by as much as 62 cents an ounce off the overnight lows. Like gold, we suspect that silver was lifted in part, by the bounce in the US equity market and perhaps indirectly off the setback in the US Dollar. Since the copper and platinum markets failed to rally, it is possible that silver's industrial background served to restrain the recovery attempt in the silver market.




 
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