Silver isn’t Flying–Yet

Silver Investing News reports silver prices fell on Monday.

OptionSellers.com, are attributing this latest price dip to profit-taking by hedge funds and speculators looking to make up their losses and meet margin calls in other areas of the market.

If you thought the global recession couldn’t get any worse, you haven’t been paying attention. Or you’re dangerously over optimistic. On Friday, reports came in that the US economy had contracted an unexpected 6.2 per cent over the last quarter of 2008, the worst since 1982. Later this week, the US jobs report is expected to show a loss of 648,000 jobs for February.