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Friday, April 28, 2006

Silver Consolidates

Silver consolidates: After one of the most volatile weeks in Silver trading since the Hunt brothers attempted to corner the Silver market in 1980, Silver futures have finally begun to settle down a bit. Since "Black Thursday" on April 20th, when Silver futures fell over $2 in a single session, prices have started to form a consolidation pattern between $12.50 and $13.00. Traders will be awaiting today's release of the weekly Commitment of Traders report to see how much of the speculative long position has been liquidated the past week. Read More....