Copper $ 5.359 / lb -2.36%

Brent Crude Oil $ 61.12 / bbl -0.78%

Palladium $ 1542.7 / ozt 0.44%

Crude Oil $ 57.44 / bbl -0.78%

Natural Gas $ 4.113 / Btu -2.79%

Silver Futures $ 62.007 / ozt -3.09%

Aluminum Futures $ 2788 / ton 0.00%

Micro Gold Futures $ 4360 / ozt 0.37%

Micro Silver Futures $ 62.007 / ozt -3.08%

Platinum $ 1762.5 / ozt 2.89%

Gold Futures $ 4328.3 / ozt 0.45%

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Silver turnover on COMEX has tripled this year against 2010

Mineweb | May 31, 2011 | 3:59 pm Precious Metals Gold Silver

Silver’s high fix, when it was way overbought, was $48.70 on April 28th. Gold held up briefly as silver toppled over, but as the commodities sector as a whole got caught up in the onslaught, gold in particular, was sold in order to raise cash against margin calls. Gold’s high fix was $1,546.50 on the morning of 3rd May.

The speed of the falls of these two metals is well-documented, but for the record, silver dropped to a low fix of $32.50 in 12th May, while gold fell to a low fix of $1,478.50 on 17th May.