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Mid-Session Silver Market Report
Fri 08 Mar 2013 16:36:00 CT
Related Keywords: Metals
Related Keywords: Metals
Silver prices have been unable to put the brakes on this week's selloff, as the market has now reached its lowest levels since mid-January. Today's Durable Goods numbers may have had a particularly negative impact on industrial commodities, which has added further pressure on silver this morning. With July silver falling over $1.20 this week, some traders feel that a positive reception to the FOMC meeting results later today could help to trigger a short-covering rebound later on during the session.
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*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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