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Silver, Gold Higher

Silver, Gold HigherSilver, Gold Higher

Silver jumped 3% to its highest in more than 10 months on Tuesday on a softer dollar and robust buying in China, helping to lift gold by 1%, Reuters reported. After quiet trading early in Asia, spot silver surged 3% to $16.73 an ounce, its highest since June 2015. It pared some gains to trade up 2.5% at $16.63. The surge boosted gold to a session high of $1,246.40 an ounce, up more than 1%, after it dipped 0.3% earlier in the day in choppy trading. Another reason is that there is heavy buying in silver in Shanghai.

Financialtribune.com