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Silver and Gold Soar After The FOMC

Apr. 27, 2011 3:39 PM ET
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 Gold and silver are soaring higher this afternoon as the FOMC keeps the Fed funds rate at zero percent. The iShares Silver Trust(NYSE:SLV) is trading higher by $2.58 cents to $46.63. The all time high for SLV was made two days ago at $47.00 a share. That level could get breached today as the U.S. Dollar Index continues to get pummeled.

The SPDR Gold Shares(NYSE:GLD) is trading at a new all time high  today. The GLD is trading higher by $2.50 to $148.90 a share. It is still rather amazing that the Federal Reserve Chairman, Ben Bernanke did not address gold and silver.

Nicholas Santiago

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