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iNVEZZ.com reported that silver was up in Monday morning trading in part due to strong safe-haven demand. Decreased fear that the US Federal Reserve will raise interest rates also helped the white metal.
iNVEZZ.com reported that silver was up in Monday morning trading in part due to strong safe-haven demand. Decreased fear that the US Federal Reserve will raise interest rates also helped the white metal.
As quoted in the market news:
Silver for immediate delivery had advanced 0.67 percent, or 11 cents, to $16.60 as of 06:33 GMT, and was trading nearly three percent above its simple moving average of $16.13. Last week, the precious metal rose 4.8 percent, its first weekly gain since early December.
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