The best performing precious metal for the week was silver, up 3.53%. Over the past two weeks, total known ETF holdings of silver dropped by more than 16 million ounces, or more than 2%, but the silver price gained over 14%. The price of gold rose as the dollar weakened for a sixth straight day, writes Bloomberg, with traders betting that the Federal Reserve's aggressive monetary-tightening cycle is nearing an end. Data on Thursday showed U.S. initial jobless claims unexpectedly declined last week, underscoring the ongoing tightness of the labor market and complicating growing bets of Fed rate cuts. {chart} Evolution ... (full story)