Precious metal has climbed 66% since mid-March, fueled by industrial demand and investors’ appetite for alternatives to gold and government bonds
Silver prices climbed to their highest level in 10 months Monday, lifted by factory re-openings and soaring investor demand for precious metals.
Futures linked to the metal rose 2.3% to $19.50 a troy ounce in New York, putting them on course for their highest settlement since September 2019. Silver prices have soared 66% since their nadir in mid-March, outstripping gold, the S&P 500 and an ICE BofA index of U.S. government bonds.
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