30.05.2007, 18:56 2743

Silver world market prices undergo correction

Almaty. May 30. Kazakhstan Today - Silver world market prices have been undergoing correction due to fixing of the return by traders. The average price of silver at the London fixing for April made $13.73, for the last days of May - $13.14, and on May 29 - $13.03 for ounce. Reduction of prices was due to the shift of the basic interest of transactions from May for July. The average fixing for the first quarter of 2007 has totaled $13.34 for ounce.

The market of silver shows dynamics similar to the market of gold. It is likely that the market of silver does not react to the situation in the American share market much and to a greater extent is subject to influence of the cash market. The moderate sale in the shares connected with silver at the NASDAQ stock exchange signals about temporary decrease of the activity of the investors in relation to silver, and it, probably, added to weakness in the market of silver in the end of May. Except for parallels with the market of gold, the price for silver also ignored favorable process of copper and platinum prices.

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