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Silver, gold hit by report of Soros selling

Posted on 05 May 2011

Silver and gold futures fell Wednesday on a newspaper report that high-profile investors, including George Soros’ hedge fund, have sold precious metals, with silver still reeling from an exchange decision to increase trading requirements.

Silver for July delivery closed lower by $3.20 an ounce, or 7.5%, at $39.39 an ounce on the Comex division of the New York Mercantile Exchange. That was the lowest close for a most-active contract since April 6……………………………………….Full Article: Source


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