NYMEX CBOT CME CME Group
Silver Market Recap Report for 10/10/2008

As suggested in the morning and midday coverage the silver market clearly diverged from the action being seen in the gold market early in the session. In fact, in the wake of the Friday action many traders feared that silver was being swept into the physical commodity category. Significant pressure in both copper and platinum prices, a rising US Dollar and extreme macro economic uncertainty has seemingly left silver's stock as a financial instrument at a low level. Therefore, many traders anticipate silver will continue to maintain a tight positive correlation with the US equity market.




 
©2008 Chicago Board of Trade. All rights reserved. Investor Relations | Site Map | Legal | Contact Us | RSS Feed | Subscriptions