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High-low silver!

Source: Financial Times, 4th May 2011

The poor man's gold has just made some men poorer. After the Comex exchange raised margins on silver futures - in response to extraordinary volatility and price gains - prices dropped more than 12 per cent in two days. The fall was even harder in speculative vehicles used by retail buyers in search of physical silver, particularly some that traded at a hefty and inexplicable premium to underlying assets.



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