Silver Futures Hit Highest Price Since September 20

Oct. 07, 2013 05:34AM PST

Silver followed gold’s gains today, with both metals being helped by the continued US government shutdown.

Silver followed gold‘s gains today, with both metals being helped by the continued US government shutdown. However, silver led in terms of percentage gains, rising 2.4 percent, Reuters reported.

Silver futures for December delivery rose $5.58, to $22.30 an ounce, on the COMEX in New York, Bloomberg reported. Earlier in the session, futures hit $22.46 an ounce, their highest level since September 20.

Strategists at futures broker RJ O’Brien in Chicago said the shutdown could “easily last” until at least October 17, when the US Treasury aims to increase the debt ceiling, Reuters said.

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