iNVEZZ.com reported that thus far this morning silver futures have stayed above $19.40 per ounce following three sessions of gains. The white metal continues to draw support from “escalating” conflict in Ukraine.
As quoted in the market news:
On the New York Mercantile Exchange (NYMEX), silver futures for September settlement were down 24 cents a troy ounce to $19.51 as of 08:02 BST. The contract gained 0.66 percent yesterday – its largest daily percentage advance since August 11, having earlier risen by as much as 2.42 percent, its biggest daily percentage upswing since June 19. Silver has climbed 0.63 percent so far this week, after six consecutive weekly losses – its second longest negative run on the weekly chart on record. In the month-to-date, however, it is down 4.41 percent.