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 Silver
Futures Trading through 2010
Following is a recap for silver trading activity.
December
31, 2010 - the week saw silver attaining a 30
yr. high for March delivery at $30.93 per ounce.
December
2, 2010 - futures for March have risen to $28.41
per ounce, continuing the upward trend.
Like it's partner, the increase is attributed
to a slackening dollar.
November 8, 2010 - silver reaches a 30 year high, reaching
the $28 range on the 9th.
October 24, 2010
- silver follows gold's recent decline, its largest
loss since last July for the metal.
September
24, 2010 - silver reaches $21.48 an ounce. A thirty-year
high
August
26, 2010 - silver for December delivery tops nineteen
dollars, like its yellow partner, attaining nearly
a two mo. high.
Aug 2, 2010 - silver futures crest for September delivery.
July 7, 2010 - the metal rises over the $18.00 mark.
While earlier in the week, on the 3rd, President Obama announces
the government backed plan for a $2 billion in
loans going to solar panel projects, this utilitizing silver
as the panels seem to gain some momentum.
June
8, 2010 - silver increases along with gold before
tapering, reaching to around $18.47 for July delivery with
the
rise in both metals attributable to a search for
a safe haven.
May 17,
2010 - silver gains a total 4.2% for the year
which is triple that seen by gold on the COMEX.
Cited is metals industrial value.
April 9, 2010 - silver went to $18.35 per ounce for
May delivery on COMEX, reacting to problematic
Greek debt.
March 23 - May delivery
prices tip downward with signals of a stonger dollar,
following suit with gold.
February 22, 2010 - silver gains appeals as China's
recent sale of U.S Treasuries may indicate a shift toward
acquiring more of the precious metal.
By January 22nd, like gold, the metal falls in large
part due to China news of a 10 % plus GDP growth.
Raising the possibility of an interest rate hike.
Our Gold
Futures Report
gives an update for the precious metal.
Along with the Silver
Future Report for more current highlights.
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