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Macquarie sees US$5.00/oz silver ceiling

MACQUARIE Bank sees no fundamental reason for silver's spectacular showing last week and believes the much maligned metal will trade largely in the range of US$4.40-5.00/oz over the rest of 2003.

Michael Quinn
Macquarie sees US$5.00/oz silver ceiling

Analyst Kamal Naqvi said jewellery demand appears resilient but industrial demand weak, while on the supply side modest production shortfalls are expected to continue. Naqvi also said that while there...

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