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On Tuesday, silver rose 3.3 percent to trade at $17.08 per ounce. The metal’s price has risen on the back of the oil price slide.
On Tuesday, silver rose 3.3 percent to trade at $17.08 per ounce, Reuters reported.
The metal’s price has risen on the back of the oil price slide — the fuel recently hit six-year lows and that is causing uncertainty in equities and currencies. Currently, silver and gold are acting as safe havens against risk, but analysts question whether a sustained rise in the dollar may take that role away and drive prices back down.