8/18/2020, 10:04 AM (Source: TeleTrader)
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Silver jumps nearly 3% to climb back above $28

Silver jumped nearly 3% on Tuesday to climb back above $28 per ounce as investors turn to safe-haven assets amid the coronavirus crisis.

Prices of precious metals were also boosted by a weak dollar and lower Treasury yields, while demand for silver, which is used in a number of industries, also grew as production continued to rise as countries exited strict lockdowns.

Silver rallied 2.75% to sell for $28.24 per ounce at 4:08 am ET.

Breaking the News / NP