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Silver Climbs Higher and Gold Nears Record in Flight to Havens

Silver earlier jumped more than 7% and gold rose past $1,860

Demand surges on outlook for prolonged, uneven growth recovery

Silver’s surge has been getting an added boost from supply concerns and optimism about a rebound in industrial demand. Holdings in exchange-traded funds backed by the metal are at a record, while gold ETF holdings rose the most since mid-June on Tuesday and also sit at the highest ever.

Silver surges to the highest level since 2013

Read Article: https://www.bloomberg.com/news/articles/2020-07-22/silver-jumps-to-2013-high-gold-nears-record-on-virus-concerns

 

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