NYMEX CBOT CME CME Group
Mid-Session Silver Market Report for 8/7/2008

The silver market mirrored the action in the gold market in the morning trade, with the very early overnight strength giving way to moderately conclusive selling pressure. In fact, just ahead of mid session, September Silver was at times as much as 53 cents below the early highs. Not surprisingly silver was pressured by residual strength in the Dollar, slack US economic data and weakness in the US equity markets. Fortunately for the bull camp in silver, gains in copper prices seemed to countervail part of the spillover weakness from the platinum market.




 
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