11/5/2020, 7:21 PM (Source: TeleTrader)
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Silver rallies on, rises 5% amid coronavirus concerns

The price of silver surged more than 5% on Thursday, extending the gains the precious metal made earlier during the day, as the investors turned to safe-haven assets amid fears of the impact that the second wave of COVID-19 could have on the economy.

The price of silver jumped 5% at 1:19 pm ET to sell for $25.1 per ounce, while the gold advanced by 2.23% at the same time to sell for $1,947.11 per oz.

A minute later, platinum gained 2.75%, trading for $895.81 per ounce, while palladium rose by 4.37% to $2,385.22 per oz.

Breaking the News / BU