| Home Page : Archive News : May 2011 News : Silver Likely to Drop to Around $31 an Ounce: Charts | |
Silver Likely to Drop to Around $31 an Ounce: Charts | |
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May 10, 2011 The collapse in the silver price from $49 an ounce to below $36 is a harbinger of collapses in a wider range of commodity prices. It is the end of speculative bubbles that have been building for several months. The collapse is triggered by changes to the way the trade is executed. Look for downside in silver to around $31/ounce. Source: http://www.cnbc.com/id/42967317?__source=RSS*tag*&par=RSS |
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