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    market news

    Silver prices take a hit from Gustav

    Melissa Pistilli
    Sep. 04, 2008 06:20AM PST
    Market News

    Silver Investing News reports silver futures fell to about $12.68/oz with a strong dollar and falling crude price. Oil is the main driver behind today’s commodity declines, says Frederic Lasserre, head of commodities research at Societe Generale. Oil installations in the Gulf of Mexico were spared the wrath of a Category 4 hurricane as Gustav weakened …

    Silver Investing News reports silver futures fell to about $12.68/oz with a strong dollar and falling crude price.

    Oil is the main driver behind today’s commodity declines, says Frederic Lasserre, head of commodities research at Societe Generale. Oil installations in the Gulf of Mexico were spared the wrath of a Category 4 hurricane as Gustav weakened to a Category 2 before slamming into the Gulf region and has since been downgraded to a tropical depression.

    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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