Up day. Down day. Seems to be the story of silver. And the moves lack any real conviction as the the poor man’s gold just lists around within a range. The expectations of further stimulus are no longer enough to be a market driver. Plus anemic demand expectations of of India has tempered silver price action to the upside.
Currently silver prices are in retreat along with the the broader market. Seems like everyone is waiting on Alcoa and then the Fed reaction to earnings season. Currently silver is down 35 cents to $31.41. [Read more...]