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The silver market clearly outperformed the gold market today as March silver manage a fresh upside breakout on the charts, even if the market failed to hold all of the gains into the close. Surprisingly silver managed some of the gains in the face of adverse currency market action and somewhat disappointing US scheduled data flows. The silver bulls might have been emboldened by reports that the US Mint ran out of Silver Eagle Coins, as that smacks of improving investment/safe haven demand.
*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.