FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

Silver futures close at a level not seen since 1983

Silver futures close at a level not seen since 1983
Tuesday, March 21, 2006 7:12:20 PM
http://www.afxpress.com

SAN FRANCISCO (AFX) -- May silver closed Tuesday at their highest level since late 1983, up 20.3 cents, or 2%, to finish at $10.565 an ounce. Prices got a boost after a proposed silver exchange-traded fund took a step closer to its potential trading launch. The Securities and Exchange Commission approved a rule change for Barclay's silver ETF that would allow it to list on the American Stock Exchange, but the product hasn't been cleared to launch by regulators. Meanwhile, April gold closed at a one-week low of $553.20 an ounce, down $2.90. May copper climbed as high as $2.374 a pound, but closed down 1 cent at $2.324

This story was supplied by MarketWatch. For further information see www.marketwatch.com

For more information and to contact AFX: www.afxnews.com and www.afxpress.com


LINK: http://futures.fxstreet.com/Futures/news/afx/singleNew.asp?menu=economicnews&pv_noticia=11429683...