Silver breaks higher as investors rediscover its dual appeal

From home.saxo

Silver has suddenly burst higher, reigniting excitement among traders who successfully rode last year’s rally before the bubble burst in late January, triggering an almost 50% correction through March. Since then, the metal has staged a strong recovery, with momentum accelerating over the past week as the white metal rallied 15%, lifting its year-to-date return to around 20%, while still trading more than 150% above year-ago levels. XAGUSD surged to a two-month high near USD 88 earlier today, extending Monday’s 7% rally before surrendering part of the gain as higher oil prices lifted both bond yields and the ... (full story)