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Mid-Session Silver Market Report for 5/8/2008

The silver market seemed to be lifted by a combination of the Dollar's morning reversal, especially since that reversal took place in the face of slightly better than expected US economic data flow. Certainly the positive leadership from the gold market allowed silver to discount the early downside breakout in the copper market and the weakness in the energy complex that was unfolding just ahead of mid session. However, some traders might have been disappointed in the magnitude of silver's morning gains, especially when compared to the rally in gold.




 
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