Nirmal Bang has recently released its report in the state of the precious metals market, claiming that precious metals are expected to trade lower during 2012 amidst concerns about economic growth and sovereign debt.

Precious metals fell for a fourth consecutive session on Thursday, hitting a near six month low in the process.

According to www.moneycontrol.co.uk “Holdings in the SPDR Gold Trust the world’s largest gold-backed exchange traded fund stood at 1254.57 tonnes by Dec 29, remains unchanged from the previous business day. Holdings in the world’s largest silver backed exchange-traded fund iShares Silver Trust stood at 9605.79 tonnes by Dec 29, remains unchanged from the previous business day.”

Despite this, precious metals are still trading fairly steady on COMEX, however it is expected that the trade will lower in the coming weeks.