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Silver prices were rallying Wednesday as the dollar weakened and word emerged that interest from India for the metal has been strong.
July-dated silver contracts were ahead by 14 cents at $13.13 an ounce in recent New York futures market action.
"We have seen tremendous physical demand for silver imports into India of late," says Andy Montano, director of precious metals at Toronto-based bullion bank ScotiaMocatta. He also adds that the greenback's slight softness overnight was having a buoying effect on the metal's price. ...
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