Silver jumps over 4% as US currency falls

Thursday, 13. August 2020 13:27

The price of silver jumped over 4% on Thursday after again being considered as a safe haven for the investors.

Improved risk sentiment and weaker US dollar have benefitted industrial metals together with the vaccine announcements that spurred optimism.

Silver gained 4.02% at 7:17 am ET, selling for $27.04 per ounce, while gold advanced by 0.92% at 7:23 am ET to go for $1,935.26 per ounce. Platinum went up by 1.96% to $951.57 and palladium rose by 1.23% to sell for $942.11 and $2,166.69. The euro climbed 0.43% against the dollar at 9:20 am ET, changing hands at 1.18348.

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Breaking the News / TF