MARKET UPDATE
Silver futures for December delivery gained 24 cents, or 2.3 percent, to $10.795 an ounce. The metal still dropped 12 percent this week.
Precious metals will rise once the dollar's rally stalls, analysts at Deutsche
Bank AG said in a report.
``Precious metals may be the first of the five broad commodity markets
that might stabilize from the extreme correction that has occurred in
the second half,'' the bank said. ``This reflects the possibility that dollar
strength will start to fade as we enter into the fourth quarter. We
recommend relative value plays such as long silver versus short gold.''
Silver's losses have outpaced gold's this year on speculation a global
slowdown will reduce demand for raw materials. The metal, which has
wider industrial applications than gold, is down 28 percent this year.
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