Silver climbed on increased ETF buying

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals were mixed on Friday amid broadly stronger US Dollar despite disappointing US labour market data. Meanwhile, traders were cautious ahead of key elections in Greece and France.

Gold rallied as dismal US job data revived hopes for more accommodative policies from the Fed.

Silver was the top-gainer despite slump of the global equities and weak services sector performance in the Euro Zone last month. The white metal gained some support from increased ETF buying interest.

Platinum continued to fall amid oversupply in the market. In 2011, platinum supply approached 7.97 million ounces while demand stood at 7.23 million ounces.

Palladium dropped despite IBTimes report on the expected palladium deficit in the market this year. However, the gross deficit narrowed by almost 50% to 313,000 ounces in 2011.

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