After nearly touching $50 last week, Silver has led the selloff in commodities this week now trading below the $40 level.
The CRB commodity Index is down from this weeks high of 370.72 as Gold an others have followed Silver pushing the the Index below the 360 level.
With the sell of in the futures, Funds continue to flow back into the Yen and Swiss Franc.
Supported by strong buying in commodities, the Euro and the Sterling remain relatively strong ahead of the ECB and BoE rate decision.