Silver prices are dipping slightly on a strengthening dollar this morning. Meanwhile, Wall Street’s reaction to the economic data coming out is decidedly negative. Concerns are emerging out of all areas of the global economy. Be it China’s growth miss, Europe’s ongoing sovereign debt saga and the down tick in consumer sentiment. Gas prices may finally be emerging in the data points on how they are affecting consumers.
Currently the silver spot price is accelerating to the downside. At last check it was off 44 cents to $31.94. [Read more...]