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Silver Market Recap Report for 12/2/2008

The silver market mostly tracked closely with the gold market but not very closely with the copper and platinum markets. It certainly appeared that the sharp gains in the equity market provided silver with a lift but it is also possible that silver was indirectly lifted by favorable dialogue flowing from US officials. Perhaps the oversold condition of the silver market over the prior four trading session provided the silver market with a short covering incentive or perhaps the silver market was simply lifted by the up beat dialogue from the Fed's Plosser who suggest that the US Fed would work aggressively to "thwart" deflation.




 
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