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Silver Volatility Climbs to 16-Month High on U.S.-Europe Gulf

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Silver volatility rose to the highest in 16 months as investors assessed slowing global economic growth and turmoil in Europe that’s boosting demand for haven assets against prospects for a rise in U.S. interest rates.

The metal’s 60-day historical volatility is near 40.5, the highest since September 2013. Silver slipped on Tuesday amid investor optimism that Greece can reach an agreement on bailout terms, before German Finance Minister Wolfgang Schaeuble said euro-region finance ministers won’t negotiate a new program.