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Silver prices rise alongside gold

Posted on 29 August 2008

From CNBC: Silver prices ended higher Thursday, reversing Wednesday’s losses as an analyst note and political tensions overseas gave precious metals a boost. But metals pared their gains as the dollar strengthened and after oil prices turned lower. Silver futures for December delivery rose 13.7 cents to settle at $13.705 an ounce on the New York Mercantile Exchange, after falling about 10 cents the previous day.

A note from a UBS analyst advising investors to buy gold helped lift other precious metals, as did growing tension between Russia and the West over Russia’s attacks on Georgia. France said the European Union was considering imposing sanctions against Russia….. Full Article: Source


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