Silver prices declined further this week and some firms adjusted their outlook for the metal.
Articles Tagged "silver market comment"
After hitting a six-week high last Friday, silver took a blow on Wednesday. The metal spent little time below $34 before fighting its way to a fresh seven-week high.
Silver started the week declining, but is now about where it was last week. Will the metal see yet another week of losses or will it be able to gain?
As silver's struggle shifted from efforts to break through the $35 level to efforts to post a close above $34, market participants issued warnings of what could lie ahead.
Silver has remained above $27 this week but is stuck in a tight range.
Though silver flirted with the $29 level, it couldn't manage a close at or above it. Much market focus is on next week's events.
The euro is weak. The dollar is strong. And silver is struggling under the pressure of economic concerns.
Silver prices dropped lower into the $20s this week as the greenback soared.
As silver continues to fall, investors continue to shy away.
As silver continues to align itself with industrial metals, certain behavioral changes are occuring.