Commodity Market Update (Silver)

Precious metals on CMX are trading lower since morning on speculation that signs of an improving US economy will curb demand for these safe heavens.  Actively traded Gold tumbled over 1.20% or 16.20 points to trade at 1311.30 after having tested a low of 1307.50 while Silver futures tested a low of 19.695 before settling at 19.775, down 1.17% or 23.50 cents an ounce. With the exception of Zinc, Base metals are losing since morning with Copper trading at 6636.50, down 21 points or 0.32% after having tested a low of 6614.50 while Nickel is losing most of the ground, plunged 1.76% or 320 points to trade at 17474.00 after having tested a low of 17130.00, followed by rest of the metals. WTI Crude Oil is trading at 103.16, down 0.86% or 89 cents after having tested a low of 102.91 and Natural Gas fell more than a percent or 5 cents to trade at 4.51 per mmbtu.