Silver prices take a hit from Gustav

- September 4th, 2008

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 … Continued

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.

 

Tags

Leave a Reply