Metal leaps to levels last seen in July 2014
by Victor Reklaitis
Silver futures aren’t taking it easy during the Independence Day holiday.
September silver SIU6, +4.25% 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.