Silver Market Update - July 27th, 2008

[webmaster]

Subject:Silver Market Update - July 27th, 2008
By: Clive Maund

Overview: After looking set to challenge its highs silver turned abruptly lower and has fallen substantially over the past couple of weeks for the same reasons as gold, namely collateral damage resulting resulting from the rally in the broad stockmarket as crisis fears eased after the Fannie and Freddie bailout and the falling price of oil.

Link: http://news.silverseek.com/CliveMaund/1217199530.php

[pkrebaum]

A lot of the Silver lease rates have been negative since May.... so they're actually paying people to take bullion, right ? Nice way to flood the market and depress the price.