It seems that the news of escalation of margin in silver trading by CME has broken the juggernaut of one of the most expensive commodities, so far, of the market, silver or white gold. With the news of pertaining to silver trading by CME hitting the financial market, the investors, who were seen flocking the commodity market since a long time, were making swift exit from silver trading to avert potential financial pressure on their pocket.

Along with silver, other commodity which had been rallying very high in the market, gold, was seen tumbling down on Wednesday following the three-day downward suite of silver. Moreover, market analysts are of the views that descend of gold and silver will continue over the next few weeks as correction was imminent in commodity market.

With the scar of increasing inflation looming over the head supplemented with ongoing political turmoil in the Middle East and North Africa, adds weight to the fact that there is no early respite for the global economy.

Apparently, the news of possible hike of interest rates by the European Central Bank on Thursday has moved the value of euro against the weak dollar. Irrespective of the resent slump in commodities, Goldman Sachs has maintained its stance on gold as “one of its preferred commodities”.