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Silver Market Recap Report for 7/22/2008

The silver market forged a big range down washout type move on the coattails of the slide in gold and energy prices. However, the silver market might have seen some indirect support from generally stabile copper prices and perhaps derived some support off hopes that sharply lower oil prices might serve to save the US economy and in turn shore up industrial and physical demand for silver. However, with the silver and gold markets recently garnering significant support from flight to quality themes, it could be difficult rekindling safe haven buying without a recovery in oil prices.




 
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