The silver market also exhibited some rather expansive action today, with the initial US Unemployment report reaction carving out a low to high range of roughly $1.04 an ounce. Also like gold the silver market and other physical commodities were able to discount or ignore the action in the Dollar and that is a change of pace. Some players suggested that stronger than expected Non farm payroll readings, on top of the promise of long term Fed easing simply fanned the expectation for inflation and that in turn lifted the entire metals complex today.
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