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Mid-Session Silver Market Report for 5/13/2008

After some recent divergence with gold, silver prices seemed to come back into the fold in the morning trade today with losses that closely mirrored the overtly weak action in gold. In fact, at times the losses in silver seemed to be somewhat more aggressive than in the gold market and that in turn might have been the result of the aggressive selling interest in the copper, platinum and equity markets. In other words, silver was being undermined by negative financial sector/Dollar influences and it also appeared that classic sagging physical demand fears were adding into the selling pressure.




 
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