Wed 23 May 2012 14:33:00 CT
The silver market was also able to make a substantial recovery from heavy early losses by the close. Escalating Euro zone concerns and adverse currency market action also served to pressure silver prices this morning, but it could take concerted central bank action now to effectively turn the tide in silver and other physical commodity markets. In retrospect, softer than expected US new home sales readings appeared to rekindle a broad based physical commodity market liquidation wave and kept prices on the defensive throughout the session.
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