Soaring Silver Hits Multiyear High - News Summed Up

Soaring Silver Hits Multiyear High


The price of silver rose for the ninth time in 12 sessions Monday, hitting a nearly four-year high with investors flocking to precious metals during the economic uncertainty caused by the coronavirus pandemic. Front-month silver futures advanced 2.2% to $20.124 a troy ounce on the Comex division of the New York Mercantile Exchange, recording their highest close since August 2016. Prices are up 8.5% so far in July and have surged 71% from a low hit in mid-March, lifted by the steady haven buying that also has powered gold to...


Source: Wall Street Journal July 20, 2020 19:52 UTC



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