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related
metals:
Silver
Futures Trading Update
Acting like gold,
as an inflationary hedge, and the with prospect
of the descending dollar, and the question of Iran and the Middle
East moving in and out of sights – but
given demand within the industrial sector, for use
in products and jewelry - silver rises early in the year and retains
much of its earlier months
percentage gains in early August when dipping. Retaining
greater percentages gains than of gold.
Although the economic picture including energy costs remain undetermined at large.
Given soaring gold prices, more silver used in retail
jewelry could replace gold in the jewelry market depending
on its behavior.
Big picture: Silver highlights
The month of March, 2008 trading
cycles saw silver futures crest $21.00, before retreating
in following months until July 2008, when silver contracts tipped a high of $19.00 and easing.
Though by early August 2008, silver futures down at $14.535 on COMEX , a six month low and moving
like gold against crude oil futures.
By September 3, 2008 Silver futures have fallen at a greater percentage than
for gold over the course of the year.
Last
update
-
September
3,
2008
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