Silver surges over 8% amid virus fears

Thursday, 13. August 2020 19:27

The price of silver skyrocketed over 8% on Thursday, extending gains seen earlier in the day as investors turned to safe-haven assets amid the fears of the impact that the COVID-19 pandemic could have on the markets.

Furthermore, the United States President Donald Trump accused China of "buying off" the American media, widening the gap between the two world's largest economies.

The silver soared 8.04% at 1:34 pm ET, going for $27.58 per ounce, while gold jumped 2.47% to sell for $1,964.93 per ounce at the same time. A minute later, platinum was up 3.69%, selling at $967.38 per ounce, while palladium concurrently gained 1.92%, to go for $2,181.45 per ounce.

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Breaking the News / BU