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Gold/Mining/Energy : Silver prices
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To: Alan Whirlwind who wrote (1218)6/17/1998 9:53:00 PM
From: The Lone Ranger  Read Replies (1) of 8010
 
Hello Alan. What do you think about this new 12 year low?

COMEX July silver ended up 18.2 cents at $5.365 an ounce, with total COMEX silver volume
estimated at 17,000 contracts.

Spot silver in the bullion market ended quoted $5.36/39, compared with Wednesday fix at $5.2800
and New York close Tuesday at $5.19/22.

A further fall of 117,590 ounces in COMEX warehouse stocks to a new 12-year low at 85,820,205
ounces overnight, reflecting the ninth year of demand exceeding supply, was also helping
silver prices, traders said.

LR
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