05.07.2016 - Silver crushes even gold as it powers to 2-year high
Silver futures aren’t taking it easy during the Independence Day holiday. September silver SIU6, +4.45% is leaping 4.4% to $20.45 an ounce on Monday. The contract even briefly traded as high as $21.23 an ounce, according to FactSet data. The metal has touched levels last seen in July 2014, as shown in the chart below. August gold is gaining Monday as well, but it’s only up about 1%. Analysts say silver and gold are both benefiting from haven demand as investors worry about the U.K.’s June 23 vote to leave the European Union. And silver isn’t just a safety play in the Brexit unrest...............................................Full Article: Source
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