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Silver Receiving Attention

(Kitco News) - Gold continues to be supported at the $1,322 area, with silver finding new buying interest as it flirted with the $19 handle overnight. Physical silver volumes picked up to the highest level for the month, as the $19 price point became an attractive accumulation level in Asian markets. Yesterday’s consumer confidence number spurred a bounce in the equity market and took the edge off gold’s safe- haven play but the picture remains frothy and risk remains elevated. Weakness continues to suggest accumulation on dips to be warranted.

What you missed on this week's For Pete's Sake show:

By Peter Hug, Kitco Metals Global Trading Director; phug@kitco.com

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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