Tue 31 Jul 2012 14:33:01 CT
Like gold, the silver market tried to rally early in the session and it generally outperformed the gold market. However, silver generally seemed to be disappointed with the flow of scheduled US data and it is also possible that silver was undermined by news of rising silver production from Mexico for the month of May. While silver hasn't paid that much attention to classic supply side developments lately seeing Mexican silver production increase by double digits probably discouraged some would be longs, especially with the outlook for the global economy in a constant state of flux.
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