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Commodity Daily News
Silver Prices Bounce at Short-Term Trend Line
Thursday, 3 Nov 2011
Spot silver prices received a bit of support after falling as low as $32 where the commodity received a bounce at the rising trend line from the September and October lows. Support for the commodity may begin to pick up in-line with demand for gold as expectations rise for additional quantitative easing from the Fed. Resistance for spot silver will likely be found at the October high of 35.65 with support back at the rising trend from the October low which now comes in at $32.15.
