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Mid-Session Silver Market Report
Wed 05 Dec 2012 11:25:58 CT
Related Keywords: Metals
Related Keywords: Metals
The silver market also showed early strength that failed to fully hold into mid session. Some traders see the failure to hold above $33.00 as a partial technical failure, while others expect two sided volatility to remain in place into the fiscal cliff debate as the trade approaches the Congressional deadline at the end of next week. While Congress could remain in session beyond next Friday, the session officially ends on December 14th and the President leaves for vacation the following week. Silver probably saw some minor lift off the private jobs data today but the Factory orders and ISM Non-manufacturing results seemed to prompt some weakness in silver in the post report action.
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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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