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    market news

    Markets down. Where will silver go?

    Melissa Pistilli
    Oct. 08, 2008 09:41AM PST
    Market News

    Silver Investing News reports that silver took a loss with the bail-out plan approved by the US Senate while gold improved. Good news for gold, though. The precious metal has been up the last two days as investors look for safe alternatives. Silver wasn’t on board Monday and was actually taking a loss while gold …

    Silver Investing News reports that silver took a loss with the bail-out plan approved by the US Senate while gold improved.

    Good news for gold, though. The precious metal has been up the last two days as investors look for safe alternatives. Silver wasn’t on board Monday and was actually taking a loss while gold gained. Tuesday, the “poor man’s gold” was back in sync with its yellow cousin and once again putting on gains, up to $11.52/0z Tuesday afternoon. Gold is rebounding quickly from its previous lows and silver will soon as well, as they rarely move out of synch with each other.

    For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to the Resource Investing Newsletter.

     

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