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Silver 1 Oz 999 NY (XAG=X) Traders “Buy The Dip”

From livetradingnews.com

A sign of a strong market is when prices see a corrective pullback in an uptrend, as traders step in do to some bargain hunting and “buy the dip.” Such is the case with the gold and silver markets late this week. Prices are moderately higher in early U.S. trading Friday morning. The gains in the precious metals come despite a resurgent U.S. dollar index that hit a five-week high overnight. April gold futures were last up $4.10 an ounce at $1,318.30. March Comex silver was last up $0.122 at $15.835 an ounce. European and Asian stock markets were mixed overnight. It’s been a quieter trading week this week, what with ... (full story)

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  • Category: Fundamental Analysis