Silver powered higher in early trading on Tuesday, extending gains from Monday. The move came after the US Federal Reserve pledged to do whatever it takes to prop up the US economy. The unprecedented Fed action slowed down the scramble for cash that has been driven by panic and the liquidation of positions due to margin calls. The historic new program from the Fed includes a commitment to unlimited bond purchases, billions in corporate loans backstopped and the extension of credit to small and medium-sized businesses. The Fed stated: “The coronavirus pandemic is causing tremendous hardship across the United States ... (full story)