10
May
Silver Extends Rebound as S&P’s Downgrade of Greece Fans Investors’ Demand
10 May 2011 Bloomberg.com
Gold may rise for a third day in London as concern about Europe’s debt woes spurs demand for precious metals as a protection of wealth. Silver gained.
Standard & Poor’s yesterday downgraded Greece’s credit rating for the fourth time since April 2010, rekindling concern the region’s debt crisis is escalating. Silver extended its rebound after dropping into a bear market last week.
