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Silver Market Recap Report for 5/15/2008

The silver market mostly mirrored the action in the gold market, with minor gains extending rather impressively into early afternoon. However, the silver market seemed to give up a relatively larger portion of its gains as the afternoon progressed. It should be noted that the silver market has seen a series of potentially undermining physical supply side stories this week and therefore the action on Thursday had to leave the bull camp hopeful. In the end strength in the rest of the metals markets seemed to provide the silver market with more support than the marginally weaker action in the US Dollar.




 
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