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Silver Market Recap Report for 7/3/2008

September silver pushed to the highest level since mid-April before the employment numbers sparked profit-taking selling and a lower close. Strength in the US dollar along with "less" strike concerns in Peru helped to pressure. Industrial metals came under pressure from talk that some miners had agreed to come back to work and some mines were re-opening. This helped ease supply concerns and the market saw some pressure from weakness in international stock markets on global demand concerns due to record high energy and food prices in many countries.




 
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