Silver fell on global economic uncertainty

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Source: Dukascopy Bank
Precious metals were mostly higher on Monday as eased concerns over the Euro Zone's debt crisis bolstered prices. At G8 summit leaders of world's largest economies stated that the EU has to do whatever it takes to keep Greece in the Euro Zone.

Gold was slightly higher as hints of more accommodative policy from the Fed and stronger Euro provided fresh stimulus for the yellow metal.

Silver was the only loser as economic uncertainly still persists weighting on the metal. However, the downward trend was restricted by increased ETF buying and stronger global equities.

Platinum and palladium moved higher, being lifted by expected deficit in the market this year due to increased industrial and auto-catalyst demand.
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Tue, 22 May 2012 14:26:43 GMT

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