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Mid-Session Silver Market Report for 5/9/2008

Continued aggressive selling in the copper market probably weighed on silver in the morning action. In fact, some players suggested that Industrial demand concerns tied to the sluggishness of the US economy as well as concerns of slowing physical demand from China could have ended up being a negative influence for silver in the morning trade. However, it is also possible that expectations of the prospect of surging investment interest in the platinum market because of the launch of a new investment vehicle may have deflected some of the selling pressure in silver in the first half of the trade today.




 
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