F1 British Grand Prix Qualifying: Watch Live Stream Online of Formula One Session from Silverstone; Preview

When and where: Qualifying for the Formula One British Grand Prix gets underway at 8 a.m. ET. Coverage will be provided by Speed, with live timing and statistics available on Formula1.com. SpeedTV.com will be showing a live stream of the final practice session at 5 a.m.

In the U.K. a live stream of qualifying will be available on the BBC iPlayer.

Preview: After a sodden first day at Silverstone, rain looks set to dominate events at the British Grand Prix this weekend. The first two practice sessions were almost entirely washed out on Friday with only nine drivers completing 10 or more laps in both sessions.

Perhaps the only relief is that there was only one major incident as Bruno Senna crashed into the wall as the rain started to lash down in the afternoon session. After a long period of inactivity in the second session, finally the fans got to see some action with Lewis Hamilton setting the fastest time in his McLaren.

The home favorite underplayed the significance of his time and was quick to lament the fact that each car is only given three sets of wet tires for the entire weekend.

I would like to have gone out and done even more laps--but we simply didn't have enough tires to do that, he said, according to Formula1.com. Perhaps that's something we can look at for the future.

Despite his criticisms, Hamilton may be one driver not altogether unhappy about the weather, having developed a reputation for excelling on a slippery circuit.

Kamui Kobayashi should also have some assurance in the conditions after completing more laps than any other driver in first practice and setting the second fastest time in the afternoon.

Lotus may also be confident of a strong showing at Silverstone. The team has shown increasing potential throughout the season and Romain Grosjean was fastest in Friday's opening session.

Michael Schumacher may also feel that he can enjoy some success this weekend, as he looks to build on his podium finish in Valencia. The seven-time world champion has rightfully earned the tag of rain master after showing sublime skill in the wet throughout his long career. Schumacher had the third-fastest time in the afternoon in his Mercedes.

Today's sessions went okay and, in any case, we know that at this circuit, with its particular characteristics, rain offers us good chances and opportunities, Schumacher said.

Things did not go so well for World Championship leader Fernando Alonso. The Spaniard, who won last time out at the European Grand Prix, spun and took off his front wing after brushing the wall. Particularly frustrating was the fact that the wing was a fresh design introduced at Silverstone.

There's very little I can say this afternoon, or at least even less than usual for a Friday, Alonso said.

In the wet, the car seems okay, but it's practically impossible to say where we are compared to the others.

With rain forecast again tomorrow, it promises to add another variable to qualifying in this most unpredictable of seasons.