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Mid-Session Silver Market Report for 12/1/2008

Like the gold market, the silver market was under initial pressure and then saw that pressure ratcheted upward throughout the morning action. Certainly strength in the Dollar, weakness in gold and overt weakness in crude oil prices seemed to facilitate selling in the silver market. As suggested in the gold coverage this morning, the scheduled US data this morning wasn't as soft as expected, but given the very sharp slide in equity prices, the ISM data was probably discounted and the fear of slowing embraced.




 
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