Saturday, February 12, 2005
Silver enjoys brief strength
Story link: Silver enjoys brief strength
by Brian Turner
by Brian Turner
Silver made a surprise high yesterday, despite a steadying dollar and flat-trading gold price.
After falling to lows in December. silver was 9% in the week to $7.20 a troy ounce, gaining 24 cents in just one day’s trading.
Despite the sharp moves, without a rally on gold there is little market expectation of silver being able to sustain its recent increase in value over the coming weeks.
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