Fri 13 Jul 2012 14:54:00 CT
The silver market forged an impressive recovery extension today and in the process the September contract managed to take out the prior two session's highs. After seeing such negative macro economic sentiment at the beginning of the week, silver and other physical commodity markets had to see some added lift today off an improvement in overall sentiment. Many traders were simply surprised that the markets were able to spin soft Chinese GDP readings into a positive! In conclusion, gains in copper, platinum, grains, and energies fostered a positive environment that simply combined with the pre-existing risk-on tilt.
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