Silver cannot find stability at 29.00
Silver has been unable to sustain the 29.00 level during European trading and the US open today, as the positive economic news out of the US has placed pressure on the white metal. After bottoming out in the 28.84 region earlier (intraday minimum), silver attempted a recovery that was stymied at 29.05 earlier. In these moments the price of silver is operating at USD $28.05 per oz. In looking at the calendar, Friday will be viewed as the last possible day for any manner of negotiation to be made regarding the sequestration in the United States, which could yield an impact on precious metals if all attempts fail.
Crude oil falls back below 93.00
WTI Crude has traded unevenly since the latter stages of European trading Thursday, though prices did manage to pierce the 93.00 resistance, albeit briefly. Since then the wavering price has moved back and forth before settling at USD $92.76/bbl at the time of writing.