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silver prices going down because of more silver found?

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  • silver prices going down because of more silver found?


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Answer #1 | 19/12 2013 20:22
At $19 per ounce, 60 tons of silver is about $36 million. That's less than half a day's trading volume in SLV, the largest silver ETF, so not nearly enough to impact prices.
Answer #2 | 20/12 2013 01:44
NO. More to do with confidence in US economy/US dollar. People buy gold (and silver) as a flight to safety. They are running the other way now!

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