NYMEX CBOT CME CME Group
Mid-Session Silver Market Report for 9/30/2008

The silver market started out with a rather significant washout, with the market extending on the downside into mid morning. Significant strength in the Dollar and growing weakness in the gold market seemed to yank the rug out from under the silver market. Surprisingly strength in US equity prices and a slight glimmer of economic hope was of little benefit to the silver bulls in the morning trade. In the end, traders can hope for something positive on the bailout plan, but for the time being there is no concrete evidence to justify such optimism as Congressional work on the issue isn't expected to officially restart until Thursday.




 
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