Silver’s advance sets the pace for a broad move higher for metals

Against that backdrop, the broader metals complex tracked gold higher, paced by silver.

Silver for December delivery added $1.84, or 5.9%, to end at $32.95 an ounce.

Their gain Tuesday far outpaced that of other metals but after all, silver also “far outpaced gold in its downward [move] in the preceding few days,” said Christopher Ecclestone, a mining strategist at Hallgarten & Company LLC. For last week, gold prices saw a 3.5% decline, while silver posted a loss of 6.5%.

Tags: price of silver, Silver, silver analysis, silver news, silver price, silver prices, silver spot, spot silver

Posted by Silver Guru on Nov 23 2011. Filed under Silver prices. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry