Precious Metals Report – By The Light of the Silvery Swoon

International Business Times reports that the focus in the marketplace remains almost entirely concentrated on silver and the silver bubble’s developing story.

The market news is quoted as saying,

Platinum and palladium opened flat-to-down this morning but turned slightly higher within the first half-hour of trading action. The initial quotes came in at $1,859.00 for the former and at $769.00 for the latter. Rhodium dropped $70 to the $2,130.00 per troy ounce level. While the recent patterns in the noble metals space may be indicative of the fact that speculators are beginning to discard major concerns about the metals in the wake of the Japanese quake in March, the latest in CFTC positioning data does give some reasons for concern.

For the complete market news, click here.