Friday, 6 May 2011
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Silver Set for Worst Weekly Drop Since 1975 Amid Commodity Rout
Silver futures headed for the steepest weekly decline since at least 1975 as an increase in margin requirements and slump in commodities from copper to oil prompted investors to sell precious metals. Gold is set for the biggest drop since the week to Feb. 27, 2009. Silver for July delivery on the Comex in New York fell 4.4 percent to $34.65 an ounce at 8:48 a.m. in Singapore, taking losses to 29
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