Silver surged to a 30-year high of $30.0600 late in the evening, signaling demand for precious metals remains robust.
Overhangs in the European periphery have continued to drive investors to safe-haven investments. Economists forecast
the euro will weaken further as sovereign crisis in the region will dampen economic growth. Outperformance in silver has
sent gold-to-silver ratio to 47, the lowest level in more the 3 months. Crude oil retreated marginally and remained range
bound after faltering below 90. Consolidation will continue for a while as investors may put more focuses on
fundamentals at current price levels
