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Silver Market Recap Report for 10/7/2008

The silver market spent most of the day mirroring the action in the gold market. However like gold, it was clear that an early afternoon setback in equity prices prompted silver prices to weaken. In fact, in the face of the sharp early afternoon equity market slide, silver prices actually drifted into negative territory that highlights a positive correlation between the two markets. In the end, weakness in the Dollar in firm energy prices were little consequence to the silver trade.




 
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