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The Silver market forged a range of roughly 69 cents an ounce today and while the market showed some corrective action, the December silver contract was able to avoid falling below the prior session's low. Not surprisingly silver was undermined by a slight reduction in US easing prospects in the wake of a series of stronger than expected US data points this morning. However, silver could have drafted some indirect support from positive action in copper but instead the weak action in gold was dominating the silver trade.
*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.