Silver Futures Trading Update

During the prior fiscal year, silver enjoyed uncanny acclaim. Yielding potentially stellar percentage gains. Many analyst attribute this to its utility/industrial value combined with scarcity. Whether it continues to soar, we will give commentary on.

Current Silver Highlights

August 8, 2011 - with silver trading reaching $40, it too reacts to the recent news of the U.S downgrade.

July 18, 2011 - silver leaps the $40 mark on concerns over the US debt crisis, settling at $40.342 for September delivery.

June 29, 2011 - the metal settles at $34.76 for August delivery with its outcome tied to Greece's bailout.

June 3, 2011 - silver responds to the mix of economic data and job loss report, opening for July at $36.21

May 6, 2011 - the metal has dropped over the course of the week, opening at $34.70 for July delivery due in large part to the release of recent hiring statistics.

April 11, 2011 - the futures contract for silver goes to new records, trading at over $40 an ounce, opening at $41 for the May contract.

March 21, 2011 - floor trading saw silver open at $35.75 per ounce for April contract with U.S. forces now recently engaged in Libya.

February 21, 2011 - silver rises as a multiple percentage of its partner as both unrest intensifies in the Mideast and Africa and as an inflationary hedge, the metal is sent to over $33 and with futures closeby, a 30 year, 1980 high is broken.

January 28, 2011 - spot silver rises approximately 3.5% to outpace gold due mainly to civil chaos in Egypt. To wrap the week at $28.01


Last update - August 8, 2011

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