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We are witnessing another significant move higher in the silver futures market on Friday. COMEX silver futures have surged 2.58% and are currently trading at $29.31.
The iShares Silver Trust ETF
SLV has jumped 2.43% and is currently trading at $28.63. Around a third of the average daily volume in the SLV has already been traded in the first hour and a half.
A drop in the Dollar Index after a worse than expected nonfarm payrolls number this morning is putting a strong bid into the precious metals markets.
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