Silver Price advances for the second consecutive day after clearing the $40.00 barrier on Tuesday, rises over 2.80% on Wednesday, trading at $41.18, after reaching a 14-year high of $41.46. Traders bought the precious metal as they seem convinced that the latest round of economic data, particularly US jobs data, warrants a 25-basis points rate cut by the Fed at the upcoming September meeting. This, alongside a growing division amongst the Federal Open Market Committee (FOMC) board, suggests that all subsequent meetings would all be alive. Silver rally resumed on Tuesday and extended on Wednesday, past the $41.00 ... (full story)