Silver Market Morning

Silver market update for Friday May 10. Silver ended Thursday down slightly and continued a small slide down into Friday to $23.68. It’s expected silver will continue a slight consolidation after rallying strong following the steep drop off in mid-April. Much of the decline is being driven by selling in the exchange traded funds (ETFs). However, record demand for physical bullion is supporting silver. Once selling in the paper markets subsides, its expected the physical demand will drive silver higher. Read more….