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Mid-Session Silver Market Report for 5/20/2008

The silver market managed to follow the gold market moderately higher in the morning action today and that is a little surprising considering the noted deterioration in the US macro economic outlook and the sharp slide in the US equity markets. In other words, the silver market was able to de-link itself from the early weakness in the quasi industrial metals markets of copper and platinum and instead increase its track with the Dollar. Apparently the silver market has rekindled its flight to quality track again and it might also be benefiting from the latest run to new all time highs in the energy complex.




 
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