Portugal announced yesterday that they will be asking for a EU bail out. This has been a long time coming and will likely cause rippling effects across Europe. Analysts expect the sum to be somewhere in the neighbourhood of 70 Billion Euros (just under 100 billion USD). Spain will likely be next to ask for help as the list of European counties requiring financial aid grows. I cannot see this as being anything other than positive for the silver markets in general although I don't think it will be a major cause of any significant price action. Article below.
http://www.theaustralian.com.au/business/news/portugal-asks-eu-for-financial-bailout/story-e6frg90x-1226035045336
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