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Post  Admin on Sat May 07, 2011 5:52 am

By TheStreet Staff on Fri, May 6, 2011 10:14 AM By Alix Steel, TheStreet Gold was making a comeback while silver prices continued to sag Friday as the US jobs number came in higher than expected. Gold (-GC) for June delivery was adding $15.10 to. SILVER PRICE NEWS The silver price rebounded back above $36 Friday following the better than expected jobs report. The iShares Silver Trust (SLV), a proxy for the silver price and the world's largest silver ETF, climbed $1.64, or 4.9%, to $35.36 per. AP IMPACT: CEO pay exceeds pre-recession level 05.06.11 That's how much silver has dropped in futures trading this week, part of a broader plunge in commodity prices that sent them down the most in nearly two years on Thursday.. In overseas market, gold and silver prices witnessed a heavy fall. In New York, silver for July delivery declined by $3.15, or 8 per cent to $36.24 an ounce on the Comex division of NYMEX. Gold for June delivery retreated by $33.90, or 2.2 per cent to. Oil prices fall below $100 a barrel. Silver, down 27 percent since Friday, is leading the charge down for oil and other commodity prices. A trader works with a telephone receiver in the crude oil and natural gas options pit on the floor of the New York. Overnight falls in commodity prices included those for silver (12 per cent); gold (2.8 per cent); copper (3.3 per cent); aluminium (4.2 per cent); nickel (5 per cent); and tin (6.6 per cent). BHP Billiton fell 86, or 1.9 per cent, to $44.58,. Oil prices also took a hit after a US jobs report signalled the labour market recovery was struggling, ahead of Friday's key April employment numbers. Silver plunged more than 10 per cent on Thursday, its biggest one-day drop in dollar terms since the. While gold continues to trade near record highs, the price of silver has tumbled 25% over the last four days, providing good news for Goldman Sachs which has a large position in a short silver ETF. As the price of silver futures tumble,. TORONTO, May 5 (Reuters) - Shares of Silver Wheaton (SLW.TO) dropped as much as 6 percent on Thursday, as the silver producer felt the pinch of a 10 percent plunge in the spot price for the precious metal. Spot silver prices tumbled more than 10. Silver futures contracts fall $3.19, or 7.5%, to $39.38 an ounce, their third consecutive decrease since hitting a record $48.58 on Friday. Most other commodities also retreat. By Tom Petruno, Los Angeles Times Silver prices plunged for a third.


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