Silver strikes new high, then backs off in early NY


NEW YORK, Jan 27 (Reuters) - Silver futures struck another 19-year high early Friday amid enthusiasm about a proposed silver-backed financial product aimed at attracting investors, but pre-weekend profit taking killed the morning rally. "There's been a lot of buying in here because of that -- spec buying. Funds are long already," said a floor broker. Silver has surged every day this week at the COMEX division of the New York Mercantile Exchange, leading the New York precious metals ...

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