Silver trading range for the day is 39594-40412. * Silver edged up as a deepening political crisis in Italy provoked a second day of heavy selling on European financial markets. The U.S. Federal Reserve will have difficulty raising interest rates significantly beyond the settings of its Japanese and European counterparts. Investors fear another Italian election, which looks likely to take place as soon as August, might serve as a de facto referendum on the country’s membership in EU.
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