Silver Jumps to 30-Month High on Dollar; Gold Approaches Record
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Silver advanced to a 30-month high as the dollar slumped on prospects for a further easing of monetary policy by the U.S. central bank to safeguard the economic recovery. Gold traded near a record.
Spot silver gained as much as 0.3 percent to $21.2225 an ounce, the highest level since March 2008, before trading at $21.1512 at 12:15 p.m. in Singapore. Gold was little changed at $1,292.55 an ounce, after reaching a record $1,296.30 yesterday.