Continued Safe-haven Demand Helps Boost Silver

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.

Click here to read the full iNVEZZ.com report.