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Mid-Session Silver Market Report for 11/18/2008

The silver market has been able to shake off both a stronger Dollar and the initial weakness in gold prices to trade higher. An early price dip off the weaker than expected PPI report was short lived and chart based buying along with a recovery in platinum has provided support this session. Firmer equity market action and seeing Oct industrial production rise 1.3% last month may also be helping to improve silver market sentiment. Certainly copper's ability to stage a strong recovery bounce today also appears to be inspiring the silver bulls.




 
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