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Can silver breach $50 – and stay there?

Mineweb | April 29, 2011 | 9:13 am Precious Metals Silver

Silver jumped 6 percent Thursday on the back of dollar weakness after Federal Reserve Chairman Ben Bernanke’s dovish remarks Wednesday, but some analysts doubt the price can hit and stay above the $50 mark. Silver prices rebounded Wednesday before Bernanke’s news conference, following a 10.5 percent crash in Tuesday trading, but analysts were not convinced the rally would carry the metal much higher.