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Silver falls tracking weak base metals

Posted on 30 November 2010

From Commodityonline.com: Silver prices ended lower tracking weakness in base metal prices. Silver prices also traded lower due to heavy offloading by stockists and speculators tracking global weakness. Silver is closing this week at 40855.
The metal officially remains in a bull trend with the three month trend line in at 39200. This week the metal failed at 42200 before reversing back into the range. Considering the recent range of 39000 to 43000, we should see further consolidation……………………………………….Full Article: Source


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