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Monday, May 9, 2011

silver prices expectations may 2011

silver prices expectations may 2011 : The gold price advanced Friday morning, rising by $6.50 to $1,480.75 per ounce. The price of gold held the majority of its gains this morning following the news from the U.S. Labor Department that April nonfarm payrolls rose by 244,000, handily beating market expectations. Silver prices moved lower yet again, falling another 2% to $33.90 per ounce. The CME Group’s fifth increase in margin requirements on silver futures in eight days led to further weakness in the silver price. The U.S. dollar rallied on the news, helping to keep a lid on precious metals while S&P 500 stock futures gained 10.60 to 1345.60.Read More...

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