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Silver rallies, but set for hefty drop on quarter

Friday, June 29th

Silver futures led the rally among major metals Friday, but it was still poised for a loss of around 16% for the quarter.

“Silver is always more volatile vs. gold,” said James Carrillo, senior portfolio adviser for precious-metals investment firm Swiss America Trading Corp. “It is very oversold at this time and metals tend to bottom this time of year.”

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