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Silver: Fresh appetite for the perceived safety of precious metals

From livetradingnews.com

Silver prices on Wednesday surged by the most in nearly three years and gold settled sharply above an important psychological level at $1,500, amid a round of easy-money policies that helped to stoke fresh appetite for the perceived safety of precious metals. The 10-year U.S. Treasury note’s TMUBMUSD10Y, -2.11% fall to new lows not seen since 2016 below 1.7%, also helped to drive demand for bullion. September silver SIU19, +0.08% surged 75.1 cents, or nearly 4.6%, to end at $17.196 an ounce, after gaining or 0.3% on Tuesday, breaching its own psychologically important level above $17. That marks silver’s highest ... (full story)

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  • Category: Technical Analysis