Silver slid on weak global equities

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals were mostly higher in thin Monday trading amid easing concerns about possible Greek exit from the Euro Zone after four largest Greece's banks received financial aid amounting 18 billion Euros.

Gold was almost unchanged as spiking Spain's costs of borrowing pushed the US Dollar higher against its European counterpart.

Silver was the only loser, being weighted down by weakness of European equities. However, increased buying of the largest silver-backed ETF limited the downswing.

Platinum gained momentum on supply worries as Impala's Zimbabwe unit halted exports because of irregularities with the government.

Palladium was the top-performer as speculation that China plans to inject two trillions Yuan in the economy boosted industrial demand prospects.

Back to articles

Actual Topics

Tue, 29 May 2012 14:16:35 GMT

FTSE 100 index slightly higher on Tuesday session

UK FTSE 100 index fluctuated between gains and losses on Tuesday. Financial turmoil in Spain kept weighing on investor sentiment. Traders were also cautious before US consumer confidence data. Positive effect came from speculation China will add monetary stimulus to its economy. Energy companies Tullow Oil and Glencore International surged 2% and 1.9% respectively as oil price climbed. On the

Tue, 29 May 2012 13:11:01 GMT

Major Greek banks get EUR18 billion

On Tuesday Hellenic Financial Stability Fund announced the way in which temporary aid of EUR18 billion has been allocated among Greece's four major lenders. National Bank of Greece SA got EUR7.43 billion, EFG Eurobank Ergasias SA EUR3.97 billion, Piraeus Bank SA EUR4.7 billion and Alpha Bank AS EUR1.9 billion. These four banks together make up approximately 80% of banking system assets of Greece. The money was

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.