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Silver prices were slipping Tuesday, causing technical analysts to fret that the upward price trend in the metal may be in jeopardy.
Benchmark futures contracts for silver bullion were shedding 7 cents at $11.84 an ounce in recent New York activity. The iShares Silver Trust(SLV Quote) exchange-traded fund, which holds bars of silver bullion, was losing 1.2%.
"The breakdown of the silver price over the last month has been very disappointing," says Adolfo Rueda, a technical analyst at Natixis Bleichroeder in New York. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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