- The document provides an analysis of the silver market and a recommendation to sell silver for the week of May 20-24, 2013. - It cites rising optimism about the US economy, signals from the Federal Reserve that it may begin unwinding stimulus programs this summer, and comments from Fed officials that support scaling back accommodative policies as reasons precious metals like silver are likely to be affected. - Based on these factors, the analysis recommends selling silver at the current market price of $21.35, with a target of $19.80 and stop loss of $22.90.

1. The information contained herein is derived from sources believed to be reliable, but of which we have not independently verified. CenturyFinancial
Brokers L.L.C. (CFB) assumes no responsibility for errors, inaccuracies or commissions in these materials, nor shall it be liable for damages arising out
of any person's reliance upon this information. DISCLAIMER: This overview can be used only for informational purposes. CFB is not responsible for any
losses arising from any investment based on any recommendation, forecast or other information herein contained.
Current Market Price 21.35
Target 19.80
Stop Loss 22.90
Recommendation Sell at Current Market Price
Silver Analysis
20th
May, 2013
(For the Week May 20- May 24)

2. Silver Analysis
The information contained herein is derived from sources believed to be reliable, but of which we have not independently verified. CenturyFinancial
Brokers L.L.C. (CFB) assumes no responsibility for errors, inaccuracies or commissions in these materials, nor shall it be liable for damages arising out
of any person's reliance upon this information. DISCLAIMER: This overview can be used only for informational purposes. CFB is not responsible for any
losses arising from any investment based on any recommendation, forecast or other information herein contained.
Precious metal space is likely to be affected by talks of removal of fed stimulus amid rising optimism about
the economy.
The Thomson Reuters/University of Michigan's preliminary consumer sentiment index rose to 83.7 in
May from 76.4 in April, surging past expectations for a rise to 78.0. The University of Michigan also said its
inflation expectations for this month remained unchanged at 3.1%.
The numbers came a day after Federal Reserve Bank of San Francisco President John Williams said that
monetary authorities may begin to unwind stimulus programs this summer and possibly end such policies
by year end.Philadelphia Fed President Charles Plosser, a known inflation hawk, added separately that the
Fed should consider scaling back accommodative policies next month.
In view of these facts we recommned a sell on Silver for the week.